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Strategies & Market Trends : The New Economy and its Winners
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To: techanalyst1 who wrote (8726)9/23/2001 2:51:26 PM
From: Mark Fowler  Read Replies (1) of 57684
 
Spx 983 is resistance on any failed rally attempt, 1082 would be the next hugh resistance... next support 923, nothing showing to get long this week. There maybe more downside but we're closer to a short term bounce than a major continuation down. If i came in short below 1082 i'd take some ST profits on short positions and wait for rally to go short again Vix is at all time high too.

And with due respect we were headed down here regardless of WTC. Additionally there were reports of large margin calls.
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