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Strategies & Market Trends : APMP (formerly APM)

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To: Rudy who wrote (8528)	11/13/1997 10:40:00 PM
From: marc chatman	Read Replies (1) of 13456

Rudy, what is the significance, if any, of an index average bouncing off a level that is nowhere near support. For example, if DJIA support was 7450 and 7165 below that, and today the dow bounced off 7350 and closed back above 7450. Is the 7450 now intact, or has support now changed due to a close below that? Just curious, TIA.

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