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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: re3 who wrote (49525)12/20/2000 8:13:27 AM
From: UnBelievable  Read Replies (1) of 436258
 
The Futures Are Down More Than They Were A Few Hours Ago

So it looks like we will have a down open and I have to imagine a bounce (although a down open that just continues down all day would be less stressful).

At this point I am looking for the bounce at $SPX 1280 (although 1255 is really better), $COMPX 2442 (once again I like 2397 better) and $NDX 2300.

On the upside I would think that a failure to get up to $SPX 1340 would be very bearish, failure to get above 1360 would be inconclusive while getting above 1380 could keep hope alive.

For $COMPX failure to take out the Sept. 1 down TL at 2625 would be bearish while taking out the 13 SMA at 2768 would let the bulls think they might have a chance.

But who knows - Maybe this time will be different and what goes down does not come up.
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