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To: AllansAlias who wrote (45269)7/11/2002 12:31:38 PM
From: Paul Shread  Respond to of 209892
 
Interesting. I'm reminded of the recent Fed study that placed fair value on the S&P at 876.

Heaven forbid it should become undervalued. -g-



To: AllansAlias who wrote (45269)7/11/2002 12:45:06 PM
From: Paul Shread  Read Replies (2) | Respond to of 209892
 
It would seem that 950 SPX should be very tough resistance at this point. A close 2-3% above that neckline would technically negate the breakdown, per the classic E&M definition.

In other words, it's hard to bet on a multi-month rally from these levels without some significant technical damage to the bear case, no?


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