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To: AllansAlias who wrote (37506)	5/1/2002 9:47:25 AM
From: The Freep	Respond to of 209892

We don't need MSFT, Allan. We've got PG and MMM!!! The NDX seems drawn to your 1260 target after all. The question is. . . will there be a brother leg from there, or does it want to retest the lows already? The bulls really can't let this chance get away from them, imo, so I give them the benefit of the doubt. Also, I notice AMAT up on a downgrade (from WFB), so either the SOXX is gonna lead us, or it's about to fall apart (again). Even the VIXX is marginally up here. Go bully, I say (with no conviction) the freep

To: AllansAlias who wrote (37506)	5/1/2002 9:48:58 AM
From: velociraptor_	Read Replies (3) \| Respond to of 209892

Actually, MSFT looks bullihs to me from here. Very oversold, and looks like it completed a 5-3-5 from the January high. not only that but it completed it in an exact 76 trading days which is the same amount of time it took to move from the Sept lows. The A and the B wave in this case are both about 11 points which is a good case for equality and ends the correction near 52. A gartley pattern on this also targeted the 52 level. Finally, the 78.6% retrace of the move from Sept to January is near 51 1/2 which is the low so far.