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

To: ajtj99 who wrote (45614)	8/8/2001 9:10:14 PM
From: LTK007	Respond to of 56535

ST general commentary tonight--significant--agrees with your view aj that a mild bounce tomorrow,likely,per indexes in general but will not hold.<<<< The MILD pullbacks in most indices turned into a NASTY selling spree today. Last Thursday when we suggested a pullback was coming we mentioned a POSSIBLE bullish scenario would be for a MILD 2 or 3 day pullback...that scenario was negated today. Most major indices finished todays session right on top of support. Objectively, a violation of these supports will send the markets into a tailspin. On the other hand, a bounce is expected in spots like these. A weak bounce over the course of the next day or 2 and the supports will not likely hold....thats as objective as we can possibly be>>> end quote