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To: Jorj X Mckie who wrote (114675)2/28/2002 4:04:23 AM
From: chojiro  Respond to of 152472
 
HI Jorj. Today's sell off seemed rather disgusting from a long stand point. Greenspan did what he could to calm the temperment of the investors, but apparently they are not buying it.
I may end up selling my long position here tomorrow. I thought we might be able to cut up through the gap on the comp around 1800, but now that is looking less likely to happen any time soon. Shrinking markets, pro forma tricks(general public disgusted with these antics) and an over all vibe that we may not be out of the woods(recession) yet; regardless of the talking heads try to convince us otherwise.

Any close below that 32 1/2 candle reversal, and there is a good chance we see the upper 20s(27-28) in a couple days.