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Non-Tech : Raptor's Den -- Ignore unavailable to you. Want to Upgrade?

To: velociraptor_ who wrote (1838)	7/15/2002 10:12:15 PM
From: ajtj99	Read Replies (1) \| Respond to of 10157

Velo, my contention is that the bottom we got today is one that could last only 10-days, not 10-weeks. I have no doubt this bear has a long ways to go, but I have difficulty with finding this a 10-week bottom with some of the charts I'm looking at. I had a more elaborate post, but it got lost somewhere in SI. Basically, our bounces have gotten shorter, and the drops have become more severe. I would not be surprised if we get a gap and crap tomorrow and the NDX 1040 level holds. Unless the SPX 935 and 945 levels are taken out, and those should prove pretty decent resistance, this bounce will fail. Heck, even SPX 923 could be tough to get over. The falling resistance line at around 950 SPX is also going to be hard to get around. Bottoms are not made during expiration week. They are also not made with the ADX-at 20 instead of 10 or lower. Anyway, I have no doubt we'll see MSFT at 40. It may be in the next couple of weeks in fact.