[RT] Correction: SP H3

["Essan Soobratty" <trader@xxxxxxxxxxxxxxxxxxxx>]

sorry, 1349 should of course be 1319 (11/11 
low).
----- Original Message ----- 
From: <A 
title=trader@xxxxxxxxxxxxxxxxxxxx 
href="">Essan Soobratty 
To: <A title=realtraders@xxxxxxxxxxxxxxx 
href="">realtraders@xxxxxxxxxxxxxxx 
Sent: Tuesday, February 04, 2003 11:42 AM
Subject: [RT] SP H3

If our bearish hypothesis is to remain valid then 
we must break below 836 with an eye on the 816 area.  Any failure to make 
downside progress will encourage shorts to cover.  S/T resistance at 847, 
855-858 and around 868 area.
 
Keep an eye on the Nasdaq comp.  Mkt 
gapped below the key 1349 level again this morning in a repeat of Fridays 
open. If we get a close below that level then it could be 
significant.  A strong rally into the close would be another reason to 
start covering shorts across the board.
 
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