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To: AllansAlias who wrote (4945)6/14/2001 9:22:23 AM
From: Rambi  Respond to of 209892
 
Allan,

Yesterday, Velo's SPX targets were very accurate-- we hit SPX 1260 and then went down through his possible supports at 1249, 1245, and are now at the 1240. He showed strong resistance at 1235, and a 'c' up from there to possibly the 1260 mark. This would seem to agree with what you are saying about the need for an up before the next down commences, though we may see a little more down if the 1240 doesn't hold--