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Technology Stocks : C-Cube
CUBE 36.29+0.7%Nov 18 3:59 PM EST
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To: Steve Fancy who wrote (45533)9/28/1999 6:36:00 PM
From: Craig Gordon  Read Replies (1) of 50808
 
There is a head and shoulders pattern that has developed in the S & P weekly chart. If the market closes down at the end of this week the dow could could drop 1000 points to about 8900 and the S&P could drop to 1115.

Just because the dow is well off its highs, doesn't mean it won't go lower. There is a good deal of fear showing up in the market. I heard that Gold was up over $25 an ounce today.(haven't had time to verify) If this is correct, after 9/30 window dressing for the institutional investors, this market could well head south.

I hope not.
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