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To: James Strauss who wrote (8042)	2/28/2001 1:18:42 PM
From: James Strauss	Respond to of 13094

A Double Bottom Within A Double Bottom? **************************************************** We have a double bottom on the 2 day Nasdaq chart in the 2150 vicinity... bigcharts.com We also have a double bottom on the 5 day chart... bigcharts.com This gives the appearance of brakes trying to be applied to the slide... It's critical that this area of 2150 hold on the Nasdaq... Otherwise we could revisit the 1800 area... New Lows on the Nasdaq are overpowering New Highs... quote.yahoo.com If we get a few days of New Lows on the Nasdaq in the 200 to 400 range we may see the final capitulation that bottoms are made of... The Put/Call volume and VIX suggests that we haven't seen the climax bottom yet... cboe.com The Nasdaq low today was 2142... That must hold or it's another 340 points downside to look forward to... Jim