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Politics : Idea Of The Day
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To: J.T. who wrote (26396)5/24/1999 10:41:00 AM
From: J.T.  Read Replies (1) of 50167
 
Friday they did their best to keep a lid on supports into expiry and now the cracks are beginning to show. Failure to hold 597 DOT will only accelerate selling and serious breakdown of supports and retest to 550, and eventually 500. BKX is heading toward 840 and beyond. High Alert status of both BKX and DOT was mentioned Friday because there is simply no leadership in the market anywhere. IMO, selling will spill over to DOW,SPX, NDX et al this afternoon and set the trend for the rest of the week if we can not rally off these lows in BKX and DOT. One needs to keep a cool head and not get frozen at these levels. J.T.
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