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Non-Tech : Raptor's Den -- Ignore unavailable to you. Want to Upgrade?


To: mansan who wrote (3926)9/30/2002 12:24:28 PM
From: mansan  Read Replies (1) | Respond to of 10157
 
COMMENTS FROM J.FAVOR;

<<If the Dow falls below the critical support at 7532 on a print basis, and 7489 intraday, then a far more serious decline should follow over the very short term. If any decline from here on carries the Dow below 7666 on a print basis, and more importantly, 7606 intraday, the Gann Charts will signal that an even stronger plunge downward is going to follow over the short term. If those lower support levels are broken, it would not at all surprise us if the Dow were to reach the 7000 to 7100 area. So the 7666 level on a print basis should be watched very closely from here on.>>