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Politics : Idea Of The Day
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To: J.T. who wrote (20809)10/8/1998 8:45:00 AM
From: J.T.  Read Replies (1) of 50167
 
One day "bhhumbo was not in the cards look at breakdown of key indices of COMP, SPX, BKX, SOX et all .. This was broad-based except for resiliency of DOW. Now this will accelerate downward and DOW will surely play catch-up to other indices and an immediate test of 7550 which in all likelihood fail on this latest attempt. Nikkei played two-day game of smoke and mirrors and with resquaring of positions IKe mentioned in previous post. I do not like this next and potentially very dangerous next three trading days as the downdraft will accelerate. 6600 Dow, 890 SPX, 1300 COMP and 2150 TRAN are now very visibly in the cards. This is only one man's opinion and not to cast a spell of doom and gloom. Only greater potential down the road. JT
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