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To: SecularBull who wrote (5276)11/21/2000 12:16:57 PM
From: Boplicity  Read Replies (2) | Respond to of 10934
 
warning TA post.

You are right 60 area is a large support area from the spring sell off. on the six month chart stockcharts.com[L,A]DBOLNYMY[DD][PB25!B50!B100!B200!F][VC60][IUC20!LB14!LF!LG!UA12,26,9!LJ[$SPX]] notice the double top, and speed of failure. The speed in the drop was so quick that many investors might still want to get it out, so the overhead resistance is large, that's why I'm calling for a base to form.

Also 60 area on the daily chart askresearch.com

was confirmed today.

Greg