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A break of 775
would be disasterous.......
wow - look at how
they are bouncing that 780 level.....like a superball...
<BLOCKQUOTE
style="PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #0000ff 2px solid">
<FONT face=Tahoma
size=2>-----Original Message-----From: Bob Heisler
[mailto:BHEISLER@xxxxxxxxx]Sent: Wednesday, October 09, 2002 7:22
AMTo: realtradersSubject: RE: [RT] lower low for
tomorow
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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