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To: Paul Shread who wrote (37184)	12/4/2000 1:05:19 PM
From: Peace	Read Replies (1) \| Respond to of 42787

I see the line around 10585 at today's close.

To: Paul Shread who wrote (37184)	12/4/2000 2:04:11 PM
From: JRI	Read Replies (1) \| Respond to of 42787

Don't know what to make of today's Naz action....looks like Dow is pulling Naz up this afternoon (volume very, very light all day), although, conversely, we kindof tested (higher low) last week early...(and on lite volume).. I tend to think we are going to fade again into close...whadda think?

To: Paul Shread who wrote (37184)	12/4/2000 2:21:05 PM
From: JRI	Read Replies (1) \| Respond to of 42787

Paul, it was unclear to me from your last post...do you expect that Nasdaq to hold, worse-case scenario, the bottom-line of the channel since 1990? I have the lower line landing between 1900-2000... (As mentioned, we have not broken below this line since 1990, and only touched the bottom line of the channel once (in 1998, although maybe we broke it intraday, dunno). Do you see any way that slowdown in technology spending is not just cyclical, but more long-lasting in nature? (and thus, could effect the definition of the channel)?