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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host
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To: Henry L. Farmer who wrote (22338)7/21/2006 1:16:02 PM
From: Kirk ©   of 42834
 
Maybe Brinker got his 1250 level from this chart?



From "Chart of the Day"

Due in part to inflation, rising interest rates, and geopolitical concerns - the market has struggled since early May (Wednesday's 1.86% gain notwithstanding). In fact, the S&P 500 is down 5.8% since the recent peak of 11 weeks ago. With today's sell-off, the S&P 500 is trading below 1250 and is once again testing support (see solid green line). However, the long-term trend is still up (barely) until proven otherwise.
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