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To: Peace who wrote (34893)10/27/2000 1:22:18 PM
From: Jerry Olson  Read Replies (4) | Respond to of 50167
 
Hi Peace

The DOW has broken OUT????

i don;t think so...it's right near resistance on P&F and the daily and weekly candle chart..

any reversal down from here will take it well below the recent lows of 9700ish...

regards

OJ



To: Peace who wrote (34893)10/27/2000 1:51:00 PM
From: James Strauss  Read Replies (2) | Respond to of 50167
 
Why 3276 ? Why not fill the gap from 2 days ago around 3350.

Peace:

3276 takes out today's high... 3390 takes out an intermediate term trendline... Then it starts towards 3500 and 3600 resistance points... Success there can take it to 4100...

As long as the Arms Index remains below 100 we'll be ok... It's currently at 86... finance.yahoo.com^STI.N&d=5d

Jim