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To: IQBAL LATIF who wrote (34580)10/9/2000 11:04:41 AM
From: Jerry Olson  Read Replies (4) | Respond to of 50167
 
Ike

agree...we are due for a technical bounce here...but i keep saying that any bounce will run up against resistance..i'll look after the close and post some upside targets..

i still think Ike we will bounce off those R areas and re test what ever the lows are again...later this month...

this seems to me Ike a bit different than we witnessed in the last 3 years??? i don't know, it feels different here..i might be wrong...



To: IQBAL LATIF who wrote (34580)10/9/2000 11:09:14 AM
From: Peace  Read Replies (1) | Respond to of 50167
 
Hi Ike,

My support levels for the SPX are 1392 and then 1383, though I think 1392 should hold. NDX 3150 area should hold. Dow is holding up fine but 10,500 should provide a floor. I think we end the selling today, tomorrow morning latest.

Peace



To: IQBAL LATIF who wrote (34580)10/9/2000 9:51:10 PM
From: PMG  Read Replies (1) | Respond to of 50167
 
I dont know if it will really go up now as everybody expects it ... I find SPX looks very weak now, all these dojis on the hourly chart and the close just above 1400. Maybe today was just trading and some traders loading up some long positions towards close? DJIA also very weak, only NDX (the stocks everybody looks upon) was acceptable. Todays action was also a little too predictable. First up day for XAU in 8 days. Oil > $32 in after hour trading. Still more advancers than decliners. After a morning rally it could easily fall below the open and if momentum is there (and it will be) everything's open again...

Regards
PMG