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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 689.17

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Dec 11 4:00 PM EST

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To: space cadet who wrote (17455)	8/4/1998 2:25:00 PM
From: Clint E.	Read Replies (1) of 68993

Hi. I'll respond later but I just saw this which means there will be a lot of kicking to close above 8627.93. So, yes there could be a short-term bounce. Clint Ralph Acampora says...: today's market woes seem to have started after Prudential Securities' technical analyst Ralph Acampora said that the Dow Jones average could experience 15-20% correction from recent record highs; he thinks that if the Dow closes below its June 1998 closing low of 8627.93, the Dow could drop as much as 20% from this year's high; a 15% decline would bring the Dow to 7937, while 20% drop would leave the index at 7470.....

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