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Moving  averages and simple concepts aside,it usually takes a news 
event to produce such a dramatic decline or reaction.When I called 
Globex desk they seem to think confidence in some of the 
underpinnings of the economy have declined due to some reports by 
Intel at the close which would affect both S&P and Nasdaq.I have not 
validated this.
Sincerely,
John
------------------ Reply Separator --------------------
Originally From: John Cappello <jvc689@xxxxxxx>
Subject: [RT] UNBELIEVABLE--Globex-S&P & Nasdaq 100
Date: 09/21/2000 07:09pm
The S&P is currently down 26 and the Nasdaq 100 down 93 points from 
the day close.Have not seen this in a long time.
Sincerely,
John
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