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Re: MKT S&P 500 1/28/98



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At 11:11 PM 1/28/98 -0500, Donald Thompson wrote:
>Gwenn Ael Gautier wrote:
>I read this as either distribution since October, or congestion along
>the way. If we break 1000 on the SP, and the floor guys will certainly
>love to do this, and then hold it for three minutes, floor saying is
>that chances are 1000 will hold for 3 hours, and then three days. I'd
>bet for 3 weeks minimum up, next, this move is too complex to be a
>reversal. BUT THAT IS ONLY AN OPINION.
>> 
>> Gwenn
>

Why would 1000 on the SP be an important point (or 8000 on the DOW)?  What
is special about these round numbers?
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