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Politics : PRESIDENT GEORGE W. BUSH
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To: Skywatcher who wrote (355662)2/7/2003 1:14:09 PM
From: sea_biscuit   of 769670
 
Well, the SPX is at 830 now. That means the 839 level would become a resistance rather than support, going forward.

I would think that the market would probably drift towards 780 as the war clouds gather and leap about 5-10 percent once war starts, possibly even overcoming the 839 resistance and ending up close to 850 by April. From there, it will be downhill to about 600-650 later this year...
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