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To: Terry Whitman who wrote (71403)10/23/1999 12:13:00 PM
From: Lucretius  Read Replies (3) | Respond to of 86076
 
the point is, nobody is lookin down



To: Terry Whitman who wrote (71403)10/23/1999 2:17:00 PM
From: Imuah  Read Replies (1) | Respond to of 86076
 
FWIW, on Friday, CWX, XCI, NDX, PSE, SOX, SPY AND COMP closed well off their highs of the day, while DJIA closed near its high but at the top of its recent downtrend channel.

The dollar was substantially higher due mostly to a drop in the Euro (no rate hike), but the long bond failed to rally and oil prices remain firm. CRB index was modestly higher.

CSCO reports on Monday, I believe. Barring any new appearances on the radar screen, this will probably be the next market moving event. Rumors of missed estimates may be planted in order to pick off bears.

10700 on the Dow waiting to be taken out.