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To: marginmike who wrote (28390)1/16/2002 11:17:56 AM
From: The Freep  Respond to of 209892
 
So, the S+P broke under that 1135 support. It kinda really better bounce here, or it's got a long way to go til the next good support.

This feels like that dribbly down we used to get. It's tantalizing for the bears. . .but not yet delivering.

the freep



To: marginmike who wrote (28390)1/16/2002 11:22:14 AM
From: JRI  Read Replies (1) | Respond to of 209892
 
Vix and Rydex's reaction to this down has me doubting the "one last high" thingy.. a little too complacent, no?....A few days of flat/sideways up corrective..if it gets bulls excited again (I'll be watching those numbers)..would seem to be a great set-up for a pounding 3 down...

Given its options ex week...I could see us getting back to 2000 and/or 40 QQQ by Friday...maybe high of 2025 before over...but it will be a gift (for bears) IMO barring Bin Laden capture