Technical analysis for shorts & longs Message Board

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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 691.88

-0.3%

Jan 30 4:00 PM EST

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To: Clint E. who wrote (17692)	8/31/1998 2:40:00 PM
From: Johnny Canuck	Read Replies (2) of 70282

Hi Clint, Welcome back, The press has done a good job of convincing the masses that 7400 is a possible downside target for the DOW; I don't think we will see any strong buying till that level. The article in Barron's on the weekend with some analyst saying he was looking for 5000 on the DOW didn't help. I would imagine a lot of people are getting margin calls about now too. I don't see much follow through on the rally attempts today. I am standing on the sidelines for now.

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