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To: Lucretius who wrote (71401)10/23/1999 12:07:00 PM
From: Terry Whitman  Read Replies (2) | Respond to of 86076
 
What is so crazy about this statement: <<"I think we're heading immediately for a retest of the October high," >>

October's highs are about Dow 10750. There is a bearish trendline at 10550 that if violated, signals the 10750 area as overhead resistance. If that falls, the old highs are only another 5% or so away. I think it is a pretty conservative projection really.

Personally, I think we tested the trendline friday. We got a Full moon sell on- The market turns south on monday. But you would probably agree with that, so it must be wrong. <g>