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Politics : Idea Of The Day

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To: GROUND ZERO™ who wrote (34214)	10/4/2000 2:24:18 PM
From: Chip McVickar	Read Replies (1) of 50167

Lower..! The Nasdaq looks terrible...an important support area was broken recently at 3600 and the 'v' of the "M" formation. I now expect a retest of 3000. Also, unless the major players in the Nas can move, I don't believe the Dow/S&P can move much higher either. If the Dow closes lower then 10785 on the 30 min charts at 2;30...it should close near the low of the day. I'm expecting some consolidation for a few days on the lower end for all the markets. There needs to be some positive news from somewhere that ends the uneasiness. Maybe by the middle of October....say the 16th we could start up again. BUT THEN...all this Portugal Sun hasn't warn off yet. <smile>

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