Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: pater tenebrarum who wrote (84098)	3/22/2001 1:39:24 PM
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Heinz Looks like S&P500 is going to be in bigger trouble than I thought. quote.yahoo.com^SPX&d=5y Had thought earlier that it may take some more time consolidating around 1200-1300 range before it went to 1000. Now it seems to be in a hurry to get there and probably will complete the larger H&S starting Jan98. Breaking that would have severe implication for S&P to 650 or so. It seems that if it had lingered around 1200 and completed the upper H&S slower until late summer, then it would have had a better chance to base around 1000 until the interest rate cuts would have had a chance to how their effect late this year. It appears that may not remain the case if it falls rapidly, could send the sentiment barrelling down fast into a hard landing.

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