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To: IQBAL LATIF who wrote (38367)4/9/2001 11:39:11 AM
From: Jerry Olson  Read Replies (1) | Respond to of 50167
 
ike

sox extremly weak here..after a failed attempt at 520 new heavy resistance...overhead..any break of 440 we see 400 quick and then who knows???



To: IQBAL LATIF who wrote (38367)4/9/2001 12:02:01 PM
From: James Strauss  Read Replies (2) | Respond to of 50167
 
Ike:

I have a couple of trendlines that converge on the 9500 area on the Dow...
bigcharts.com

9750 is close support with 9500 critical support... A failure there sets up an even more critical double bottom test in the 9100 area...
bigcharts.com

Both the SPX and Dow have short term rising bottoms patterns... The missing ingredient for a breakout is an inter-meeting rate cut... If we get it we break out... If we don't, we break down...

Jim