RE: [RT] lower low for tomorow

["Bob Heisler" <BHEISLER@xxxxxxxxx>]

Last week the Dow tested its lows from July and 
we had a bounce off the double bottom.  That rally ended up to be 
another in a long line of 1-day wonder rallies and we went on to break those 
July lows and are still trading under them.
 
Yesterday it was the S&P's turn to test its 
July lows and once again we had a double bottom bounce, but 
yesterday's rally was even less impressive than last week's.  Volume was 
heavy but the tape was mostly negative and we had another very weak close after 
failing to break through a key resistance level late in the session 
(again).  It sure looks/feels like the 775 July lows will be breached 
shortly.
 
I hope you and Clyde are right though since I'm 
not anxious to see how far down we can go if 775 becomes 
resistance.
 
Bob
 


  
  
    From:  "Hill, Ernie" 
      <<A 
      href="http://groups.yahoo.com/group/realtraders/post?protectID=070212234009056091170056001064114239248237196214183130252055210";>ernie.hill@xxxx> 
      Date:  
      Tue Oct 8, 2002  11:18 pm<FONT 
      size=+0>Subject:  RE: [RT] lower low for 
      tomorrow
  
    
      
        
        
          Clyde,You usually 
      post a graphic. How far up does Fourier suggest. My worksuggests 
      816-818.E<A 
      href="http://groups.yahoo.com/group/snpforecasts";>http://groups.yahoo.com/group/snpforecasts<<A 
      href="http://groups.yahoo.com/group/snpforecasts";>http://groups.yahoo.com/group/snpforecasts> 
      






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