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To: Philipp who wrote (38211)	12/16/2000 9:48:44 AM
From: dennis michael patterson	Respond to of 42787

A double bottom?? Heinz B wrote this today: "the weekly spoo candle is a catastrophe. bearish engulfing, and closing at a new annual low on the continuation chart. brrr! " Cause for concern

To: Philipp who wrote (38211)	12/16/2000 10:05:07 AM
From: Robert Graham	Respond to of 42787

IMO I think that as a double bottom, I have seen much better. It is a bit elongated on the time axis. If the double bottom was by itself, I would anticipate a trading range with a return to the low. However, it is what preceded it that is of note. That which makes the double bottom part of a rounding bottom, which is more significant to me. Still, by how this market has been trading, I am anticipating a test of support. So for now, I see this as a run up best played by day traders. It will also be interesting to see how it handles that gap which has been already retested intraday. Now, what happened to Chris? :-) Bob Graham