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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 685.33

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To: Johnny Canuck who wrote (33246)	7/5/2001 6:51:55 AM
From: Clint E.	Read Replies (2) of 69921

s&p and nas futures both down considerably....so far, the week has gone opposite of what most expected....looking out a few days from now, are we heading to close the gap @ ~2075 and rebound or are we going lower? Shouldn't happen today but if Friday's data is weak, we should see 2075 and perhaps even lower. consumer confidence & spending? well, why not spend when you are offered to buy a TV today and not have to pay for it for another 12-18 months?......cannot imagine how high the markets would be if the rest of the world started spending money the way Americans do!!!

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