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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 683.47

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Nov 28 4:00 PM EST

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To: Return to Sender who wrote (44662)	3/25/2008 5:56:23 PM
From: Logain Ablar	Read Replies (1) of 68426

HI RTS: I haven't followed JBL in some time so take this FWIW. TA We are at a long term support area last seen in October 2002 (and built in 97 / 98) so this may be a good bounce area or area for it to develop a bottom. Fundamentally they may have another quarter or two to get through but I would think this recession is not as bad as people think. Tax rebates will help somewhat but what will really help is oil pulling back to low $70's. I expect this over the next few months and in effect a much better tax cut for the consumer.

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