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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: pater tenebrarum who wrote (85669)2/21/2001 4:40:34 PM
From: John Pitera  Read Replies (2) of 86076
 
Heinz, do you happen to have the SPX august 1982 low handy. I know it was very close to 100.

do you realize that a .382 retracement of the 3-24-00 high of 1552.87 - 101 (1982 low)
would be around 997 on the SPX... and that's only a .382

what the heck happens when the FED cuts rates and the market sells the rate cut.
Now that will be a day.
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