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To: Les H who wrote (167)	5/17/2001 8:14:15 AM
From: ajtj99	Read Replies (1) \| Respond to of 29604

Les, are you taking into account the end of double counting trades when you consider Nasdaq volume?

To: Les H who wrote (167)	5/17/2001 10:41:25 PM
From: ajtj99	Respond to of 29604

Les, I really don't see the SPX going past 1324 on this move up, and 1304-1314 seem more like interim highs, with 1324 on the high side with great resistance. I'm putting our employees back in the SPX tomorrow (I took them out & into cash on April 18 at 1239 when the Fed surprised). I missed a 3-1/2% move up, but we're still beating the SPX by 7% this year. I just had to be sure this move was real. Getting past resistance around 1274 was real. Protecting my employee's money is utmost in my mind (our program is a profit sharing program with a limited number of fund options). If the SPX stalls at 1324, we'll wait for the ride down to 1155 or 1187 and get back in.