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Technology Stocks : INTEL TRADER -- Ignore unavailable to you. Want to Upgrade?


To: Berney who wrote (10329)9/5/2001 2:39:59 PM
From: phillong69  Read Replies (3) | Respond to of 11051
 
Somebody wake me when SPX=985.

Seriously, I don't know if we will get there and if we do how fast, but take a look at the weekly SPX. The next obvious stopping points are 1070, then 990 - which also seems to coinside with a monthly support line from bottom '87, 90, and 94.

One thing that I absolutly positively have learned is to never say "can't happen". We could see SPX 500. I don't think so, but I've seen a lot of things recently that I would have thought very improbable two years ago.

And if you're nightmares aren't bad enough, the market is now behaving like bessie has been when it gets support or rallies - I do hope I'm wrong about that and what it implies.