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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: LTK007 who wrote (44800)7/11/2001 3:21:48 PM
From: ajtj99  Read Replies (1) | Respond to of 56535
 
SPX dropped below support at 1187, and next major support is at 1157 or so. Now at around 1175. SPX at 1157 would equate to around 1900 COMPX, so 1850-1900 should be where the real bounce happens, IMO. This morning's bounce was just a blip, like you said.

We might get the bounce if the dow nears 10,000 before the rest of the indexes hit their resistance, although I doubt the Dow will hit 10,000 before the SPX hits 1157 or COMPX 1875.


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