2007-3-20 2007-3-20 We mentioned in our last commentary that we thought a pullback would be beginning and we believe that it is quite possibly that yesterday ended the pullback. This is the place where many technical analysts become bearish due to the large percentage drop (support levels being broken), the high volume, and the gap down at the open. So let's look at each of these issues:1) It is true that minor support levels were slashed yesterday, but major support still exists and will be discussed in more detail below. Bottoms often have a high percentage drop as well. It is true that following a long-term top you are likely to have high percentage down days, but this also happens at bottoms. 88890 text/html http://www.nasdaqwizard.com/midweek022807.html 1.0 EN index,follow We mentioned in our last commentary that we thought a pullback would be beginning and we believe that it is quite possibly that yesterday ended the pullback. This is the place where many technical analysts become bearish due to the large percentage drop (support levels being broken), the high volume, and the gap down at the open. So let's look at each of these issues: text