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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: marc ultra who wrote (7497)	8/5/1999 2:12:00 PM
From: Mr. BSL	Respond to of 15132

marc, we will probably get your retest of the july 16th highs this summer. I do not have a crystal ball but the market's bedrock support in the 1280's of the S&P500 is impressive. On a downdraft last Mar 31, S&P500 1286 held. On 4/19, the market drove straight down 2 1/12% for the day and S&P500 1284 held. On 5/26, another straight down day of 2% and S&P500 1284 held again. Today the market bounced up off 1287 again. Maybe we get a wimpy retest (low volume) but for now the support is impressive. Of course, the other side of the coin is that if we end up taking this area out on the downside, it could be along time before we see the July 16th highs again! If anyone knows how to access put/call ratio data today, it would be interesting to see what it did at today's bottom. Good luck, Dick