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Strategies & Market Trends : Waiting for the big Kahuna

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To: Thomas C (Hijacked) who wrote (22928)8/1/1998 9:07:00 AM
From: P.Prazeres  Read Replies (1) of 94695
 
Thomas,

If we get a bounce , it will probably occur at the 200day MA. Right now around 8464.77. And if the bounce occurrs, the 50day MA will be resistance (right now: 8987.19).

If the dow got to 8250, it would be in a free fall state, especially if it ever closed more than a few days below the 200day MA.

Paulo
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