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Hi Mark
I think you are on the right track.
Dave
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> From: Mark Moline <mmoline@xxxxxxxxxxxx>
> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> Subject: Mkt. support levels
> Date: Monday, October 27, 1997 4:49 PM
>
> Greetings,
>
> Can anyone offer commentary on support levels for the DJIA. My work is
> suggesting support at 7158, which is basically where we are at now.
> However, other indicators such as trendlines I have constructed on the
> weekly charts indicate support around the 100 week moving average of
> approximately 6400 or so. Lastly, I have a retracement level of .618 at
> about 7089 based on the rally from the April lows to the August high. I
> am kind of scattered here, as I am new at trying to forecast these types
> of levels. Am I on the right track?
>
> Any help with this would be appreciated.
>
> Regards,
>
> Mark
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