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Pastimes : The Big Tex House of Coin

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To: Jeff who wrote (17872)	3/28/2001 6:02:54 PM
From: Jeff	Read Replies (1) of 19297

heres a few tidbits of information i gathered today that everybody can use..... yesterday i posted that nasdaq run up into resistance at near 1980...and spx near 1180...... since this rally failed at those spots.....you better remember those numbers.....because next rally up.....those that remember will be able to make an important decision at those levels..... another tidbit..... last week on friday when the nasdaq and spx hit there lows..... nasdaq was at 1825.....while the spx was at 1080..... now look at today...nasdaq is at 1854.....but.....and this is very important.....spx is at 1153..... those who know how the spx and nasdaq trade can see a major problem here..... if the spx needs to go back and retest that 1080.....and with nasdaq sitting at 1854.....that 73 pt drop in the spx should pull nasdaq into the 1500 to 1600's ...... no way is the nasdaq only going to lose 60pts to test its low of 1794 while the spx loses 73 pts to test its low...it just ain't gonna happen.....the nasdaq will tank hard...and if the dow falls hard...all three...the spx...dow...and nasdaq will fall together...with nasdaq making a new low before the other two..... one last tidbit.....heard a report from a top analysts that many big companies will be warning next week...... now you can remember this and save yourself some possible pain.....or you can chase rally's next week and get killed by afterhour warnings...because you forgot you heard about this...... now the prudent who listen for every little tidbit of info....will take this seriously and be prepared for the worst next week.....and play it safe..... those that don't care...may learn another hard lesson..... and yes.....the market could run up from here.....and rally hard next week..... but those who are prepared for the worst.....and know the otherside of the story.....will suffer the least pain if things do go bad......

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