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To: OX who wrote (536)	12/20/2000 6:37:02 PM
From: Michael Watkins	Respond to of 12411

MA's are just guides. Previous events didn't also have the Nasdaq breaking a massive bubble in concert. I lean on history a lot but I think the best way to play this is one day at a time. 1200 range seems important to hold or certainly another big whack is in store.

To: OX who wrote (536)	12/21/2000 6:50:05 AM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 12411

I was suggesting that the 950-980 area in the cash SP's would provide serious support if we saw a major sell off, but I'm probably more bullish than most around SI these days... I'm expecting a recovery at any time, maybe even today..... I think the 40 month MA is an impressive tool and I suspect it may actually hold once again this time, thanks for posting that site.....<g> GZ