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Pastimes : Ask Mohan about the Market

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To: MythMan who wrote (3826)	8/15/1997 10:04:00 AM
From: Cynic 2005	of 18056

Pete, if not for Gillette warning I think we would have seen a stupendous rally in the markets today. There are two critical tests for the DOW. If it closes below 50 DMA and well below 7800 the sellers will come out and put a downward pressure. Last time the DOW closed below 50 DMA it went 450 point or about 7% lower. After the 50 DMA and 7800, there is solid support at 7600. I think it will be take out decisively. dbc.com Thank you, Gillette! Too bad I didn't buy puts on GE and PFE despite putting them on my list! -Mohan

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