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To: IQBAL LATIF who wrote (37595)3/28/2001 3:11:56 PM
From: stomper  Read Replies (1) | Respond to of 50167
 
Now does it need to hold that on close, or would an intraday breach trigger your put buying.

At your leisure, thanks.

-dave



To: IQBAL LATIF who wrote (37595)3/29/2001 2:40:54 PM
From: James Strauss  Read Replies (1) | Respond to of 50167
 
Ike:

The SPX is battling ferociously around the 1150 area... It dipped this morning to the 1140 area and then bounced back... I think the 6 month chart is the key here...
bigcharts.com

We either complete the reverse head and shoulders pattern or test a double bottom... Either way, we are getting close to something that should be reflective of a bottom... Worst case scenario would be a failure at 1080 and a test of the 1998 lows of 923 to 950...

Jim