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To: SpudFarmer who wrote (59819)1/5/2000 2:41:00 PM
From: Jim Willie CB  Read Replies (3) | Respond to of 152472
 
TA: interesting little conflict now

with such strong bounces off 160 in past week, will "old floor" transform as usual to "new ceiling"?

with no closes below 160 to date (last few days), I say 160 is still the "current floor"
last week 160 support was extremely extremely important
it caught us after a two-hour plunge from 740 to 640
that event DEFINED support, which is exerted its influence today

160 is not the "old floor" yet, since we are still in the present
the action today under 160 can be termed "technical slippage"
my experience finds tech slippage occurs often when emotions run high

a positive close would be huuuuuggggggee, as Pat_Recog posted

that might be cause to leave the orifice early
and quit pretending to work

what can they do? fire me?
/ Jim