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To: KeepItSimple who wrote (68969)2/17/2001 9:24:36 PM
From: JRI  Read Replies (2) | Respond to of 436258
 
KIS- What's your read on Tuesday? Do we break thru 90 COMPX LOG on the downside? Me thinks that would have some serious consequences over the next couple weeks...

Of course, with the Michigan numbers, odds of Greenspan put have increased...and that could juice the Naz short-term (some, IMO, but not a lot)...but, even if it were to occur, it will likely be less-effectual than 1st 2 go rounds....i reckon if we break 2300 in any hard way...Fed cuts the next day...

Plenty of evidence that we could bounce here...but we are so close to the 90 COMPX log (too close for my comfort)ta gap down Monday could damage it bigtime......i've told other posters: I think this week is fish-or-cut-bait (either start of huge bounce; or we see a mini-panic...and)...whadda think? TIA

BTW- Great calls (by you) last week...stunning, in fact..