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The DOW may not make a new low due the perceived "flight to quality" into
the "safe" big caps JMHO.
But if the ecomomy does not strengthen the old saying "there are no safe
ports in a hurricane" will come into play there too?
It is also my understanding that if "they" are going to take it down, "they"
will position themselves first, for the fall. This could be positioning, who
knows, but then again it is August and a Friday and the markets are thin?
FWIW I have SP01U fib targets at 1151.80 and 1146 (no timing). IF we proceed
lower I will be watching those areas.
don ewers
----- Original Message -----
From: "Ira Tunik" <irat@xxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Friday, August 17, 2001 9:15 AM
Subject: Re: [RT] New lows?????
> I mention tech stocks, but look at the Nasdaq, OEX and the Dow cash. If
this
> is the case then the index futures haven't hit new lows either, the S&P,
the ND
>
> or the DJ.
>
> MS wrote:
>
> > Hello Ira,
> >
> > I curious as to which market old lows are you talking about? Stocks,
> > stock options, stock indexes, commodities?
> >
> > I can only work with "what is"....not "what ain't".
> >
> > you wrote:
> >
> > > Am I missing something? With all of this bad news, bad earnings,
etc.,
> > > we haven't been able to take out the old lows. The momentum of the
> > > decline to date has been minimal based upon the slope of the current
> > > price decline. I have price projections that are substantially lower,
> > > but wonder why price is having such a hard time going lower. Key tech
> > > stocks are not breaking to new lows as yet. This could change by the
> > > end of the day, but right now that doesn't appear to be the case. I
am
> > > wondering if a bullish short term scenario isn't building. It is not
> > > what I see that causes me to think this way, it is what I don't see.
> > > Ira
> >
> > > To unsubscribe from this group, send an email to:
> > > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> >
> >
> >
> > > Your use of Yahoo! Groups is subject to
http://docs.yahoo.com/info/terms/
> >
> > --
> > Namaste',
> > Mark
> >
> > To unsubscribe from this group, send an email to:
> > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> >
> >
> >
> > Your use of Yahoo! Groups is subject to
http://docs.yahoo.com/info/terms/
>
>
> To unsubscribe from this group, send an email to:
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>
>
>
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>
>
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