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Strategies & Market Trends : Trend Setters and Range Riders -- Ignore unavailable to you. Want to Upgrade?


To: bobby is sleepless in seattle who wrote (2824)2/27/2001 8:54:21 PM
From: Susan G  Read Replies (1) | Respond to of 5732
 
Goodbye 2200....

Barring a surprise rate cut (which in my opinion will help for an afternoon if we are lucky)I'd say we're heading right to 1900ish, by Friday or Monday as there is no support whatsoever until then. Maybe a bounce off the lows on the 23rd which was 2156.29 on the way down, a bounce I will surely be skeptical of! I would think a break of 2000 would cause a further panic sell off and that we would head to 1900 fast. That's just what is needed, a real capitulation instead of this relentless grind down...

The nasdaq is looking sicker than I am, and I just got high powered antibiotics <vbg>

Let's hope Greenspan says something to stop this bleeding tomorrow, but as we were discussing in the room today, he's going to save the US dollar before he saves the nasdaq....

TTN it was not me...my one shining long today was the JILL I bought yesterday at 16 5/16, it closed at 18 1/2.