cbs.marketwatch.com
>> Well, if the Dow goes below the December low
>> of 8,303.78, says Russell, "our eyes will turn to
>> the bear market low of 7,286.27 recorded on
>> Oct. 9, 2002."
>> And longer term, Russell writes, "as long as the Dow
>> can remain above 6,250, we can say that it remains
>> positive in the very long sense, since so far, it
>> has retained more than half of all its gains
>> since 1982..."
>> But -- "a breaking of 6,250 would imply that the
>> Dow could sink back to the 1,000 level or certainly
>> well below 6,250."
OUCH! |
