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To: heehee1 who wrote (36665)	4/23/2002 1:52:43 AM
From: Gut Trader	Respond to of 209892

This line conveys the real massage If the NDX should not defend the Chartmarke of 1.320, it can happen, break dass all ' dams ' and follow fast deliveries until under 1.200, possibly even 1,000 points. Because of that so far little convincing Intraday samples remains the market risk hoch. >>

To: heehee1 who wrote (36665)	4/23/2002 8:25:46 AM
From: skinowski	Respond to of 209892

The way I understand Mat at this time, is that yesterday’s low is either the bottom of a ‘threewaver’ down, which would be a ‘C’ down, OR only the bottom of a wave 3. The upcoming bounce is either the beginning of a move to “lower1400er”, or just a wave 4 before another decline to 1320 or lower occurs in a ‘5’, which would convert the recent decline into an impulsive one. If the market advances now, he still at this point sees it only as a bear market rally. The nearest R is 1360, followed by 1374, and the support should be 1340, a break of which “implies immediately further losses”.