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Technology Stocks : Stock Swap
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To: Justa Werkenstiff who wrote (15027)7/23/1998 6:41:00 PM
From: Patrick Slevin  Read Replies (2) of 17305
 
<. Give it ten days and we all will have forgotten Greenspan's words. >

Perhaps. But will something else take it's place? I don't argue that the market cannot rebound -- perhaps tomorrow. Have the highs been put in? Perhaps not.

But there are serious technical problems in the broad market and these problems cannot be ignored. There was a technical break in the spoo at 79 then 58. The Cash is weak but now resting on support from a few months ago. The psychological break of the DJIA at 9,000 is difficult for the buy the dip crowd to grasp.

Damn. I have to drop the kids off at a movie.

Sorry, cannot finish my diatribe at this point.
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