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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (9369)	4/19/2000 6:13:00 AM
From: Mr. BSL	Read Replies (1) \| Respond to of 42834

Good eye and nice charts Kirk. Feb 18 was a big down day and the close of 1346 was a good benchmark until it was taken out by the Feb 25 close of 1333. If it wasn't for the Feb 25th failure, I would have used the Feb 18 close as the benchmark. Since we went on to make new all time highs, the Feb and Mar data is less important. It is interesting that we made new all time highs in the S&P 500 without a retest of the Feb lows and here we are last Friday down in that neighborhood again. If we call Friday a succcessful test and call Monday the rally day, all we need is a follow through day next week to call this a bottom. The next resistance would be the Dec 31 closing high of 1469. BTW, day traders and after hours trading has some effect IMO, but not much. FWIW, Dick