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To: Gersh Avery who wrote (10092)7/29/2001 11:53:13 AM
From: Berney  Read Replies (2) | Respond to of 11051
 
Gersh, I agreed with Bill's observation at the time.

I believe that one point constitutes an element of a data set, two points make a line, and it takes three points to define a trend. Clearly, it is a known peril in drawing those red lines. Fortunately, for my view, SnP 1200 makes a very defined lower pivot point with any close below 1170 causing me to grab my bear claws, which will be close by my side. We also need to keep an eye on the fed's liquidity pump. We know the consumer is going to do their thing with the $40B coming to them.

TB