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To: Glenn D. Rudolph who wrote (115468)	1/16/2001 8:52:33 PM
From: Danny	Read Replies (1) \| Respond to of 164684

I consider the upcoming 2700 level for NASDAQ to be an important test for this market's ability to move higher. If we can manage to break up in the next 3-4 weeks and stay above, it will mark the first time since last Sept that NASDAQ breaks up the 50 day MA barrier. In fact, NASDAQ has tried several time but failed in the past 4 months. Setting a bullish tone is important here as in the uptrend envrionment, people would buy on the dip, instead of selling into rally. And the "R" word means rally, not recession:)