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To: Perspective who wrote (69596)2/21/2001 10:05:17 AM
From: AllansAlias  Respond to of 436258
 
As evidenced by their net positions, they understand that the bear must continue to roll. They just keep reminding us that there is a speed limit.

A nice quote and too true. Can't have a bear market without hope.

Wonder if they'll get RUMX back over 895? I thought the defence there would be stronger.

Over the last number of days I have been impressed by the selling in XII -- got mufu stress? It was one of the sub-indices that gave up the Jan lows yesterday.

Although SPX has not made a new low, it is under rising support now that it only breached very briefly back in December. We have had all manner of support fall there during the last 3 weeks.