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Pastimes : The Naked Truth - Big Kahuna a Myth

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To: pater tenebrarum who wrote (53678)7/29/1999 9:40:00 PM
From: Jorj X Mckie  Read Replies (2) of 86076
 
heinz,
P&F agrees with 10,500 being a critical support level. Next stop would be 10,100 after that, and then 9100. DJIA gave a P&F sell signal today as did the SPX. Support for the SPX at 1305. NASD was already on a sell signal and almost gave another.

Also the main P&F indicators are almost all negative. The main indicator hasn't given the big "bear market" sell signal yet, but it is close.

Pretty scary out there.
JXM
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