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Strategies & Market Trends : Market CORRECTION or CRASH?

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To: Don Roberts who wrote ()4/21/1997 11:25:00 PM
From: F Robert Simms   of 22
 
"Fools rush in where angels fear to tread". According to a "Newbie" interpretation
of Midas support levels, the next support for the Dow is near the 4/14/97 low of 6451
at S5(6433). Asuming that the support is penetrated the next support is at S4(6322).
IMO I think(HOPE), it will rebound from the 6322 support and go on. If it doesn't the next
support level is at S3(6003).

Dow Support Level
S5 - 6433 reference low 9/3/96
S4 - 6322 reference low 7/24/96
S3 - 6003 reference low 1/15/96
S2 - 5857 reference low 10/26/95

See winmidas.com for Midas support level information.

BW Bob
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