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To: pater tenebrarum who wrote (80509)3/14/2001 5:26:41 PM
From: sandeep  Read Replies (1) | Respond to of 436258
 
Lower levels could be delivered tomorrow ? This market can take away 6 weeks of advances in 2-3 days! Look what happened to the DOW from monday... It could hit 9600 tomorrow and then race to the highs in 6 weeks and then go down badly in 2-3 days...



To: pater tenebrarum who wrote (80509)3/14/2001 6:18:44 PM
From: UnBelievable  Read Replies (1) | Respond to of 436258
 
I Tend To Always Be A Bit Bearish <gg>

But going through the charts is does not look like we closed at an inflection point.

I know options expiration is Friday and we are quite below max pain (I believe index options expire tomorrow night).

It certainly would be possible to get to a point that could hold as an interim bottom tomorrow. We have seen the NAZ and INDU put in some very long sticks. But the problems I see are that SPX does not seem to have played out this leg down and almost all the market leaders are a mess.

Having said this we probably gap up and don't look back tomorrow. <gg>