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Breached but the bears couldn't hold it.
Interesting day shaping up...see what they can do in the last hour.
<BLOCKQUOTE
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
M.
Simms
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx
Sent: Wednesday, October 09, 2002 9:20
AM
Subject: RE: [RT] lower low for
tomorow
A break of 775
would be disasterous.......
wow - look at
how they are bouncing that 780 level.....like a
superball...
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<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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