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To: Justa Werkenstiff who wrote (631)	5/16/2001 6:25:45 PM
From: Zeev Hed	Read Replies (3) \| Respond to of 13815

Right now, this rally precludes a retest of the 1638 level (mind you that may change), it really depends how we get to the 2250 and 2388 area. We could still have a retrenchment from either 2250 or 2388 to the 1850, but the 2052/7 area on the Naz should serve as a major support before that. A lot depends on the next few days and if the market has enough internal strength to overcome the Max pain this Friday, many stocks will have to come down to max pain, and if the internal market is strong (namely, this huge bulge in the MZM starts and find its way to the market), the manipulators will be powerless in stopping the advance and actually accelerate it by covering open positions. Interesting two days ahead of us. Zeev