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To: Chisy who wrote (7780)	2/2/2001 11:01:03 AM
From: James Strauss	Respond to of 13094

've been warned that the powers that be on W.S. will take the Naz down to fill a gap at 2618. Do you think that is a possibility? Chisy: Yes, it's a possibility... The gap up on the 17th of January hasn't been filled yet... bigcharts.com There are two support areas, 2700 and 2600... Assuming that the gap is filled, and you get an intraday dip to the 2600 area, that's about 5%... From there we should see a quick run up to test the 2800 to 2900 area... Then the inevitable test of the 3000 area... All the talk is about the nonfarm payroll number... They are not talking about the increase in unemployment from 4.0 to 4.2 or the dramatic revision downward in the December nonfarm payroll numbers... It wouldn't surprise me to see a large downward revision in these January numbers next month... I'm sure that this won't be ignored by the Greenspan Gang... Jim