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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (33014)	9/13/2000 7:42:28 AM
From: Jeff Jordan	Read Replies (1) of 50167

Spx 1382 is also at a 50 days support, if we break this only than we can see some intensified selling . Hi Ikester, Are you still using that french typewriter? 1382? don't you mean 1482? I've seen you do this before and have been confused and keep going back and looking at Feb. levels<g>I'm expecting to see a June type move? I keep hoping this 1382 isn't a subconscious vision of a major support area which it appears to be. That's where I thought we were headed the last time we broke 1438....I thought sure panic was going to set in at that point, but the market surprised me and put another V bottom in? The 200dma is like magic....let's see what happens to CSCO now that it has breached this magic line? I've been expecting to see SPX 1468 minor support near term for awhile and as it is now quickly developing.....any panic from investors will make us test the 200dma (1448)which I was hoping not to see but very possible. I feel the chart is very clear. But, now that earnings warning season is about on us 1468 and 1450 is highly probable especially if CSCO rattles the market? tenlights.com Best, JJ

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