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To: mishedlo who wrote (67698)3/2/2003 7:42:28 AM
From: AllansAlias  Respond to of 209892
 
Yes, this would be the first time since the Oct lows that I am considering that they will fall. The Dow just looks terrible to me. Friday's late selling made it so overlapping that it is hard to see how it could go up much from here.

It is a very interesting point. Like I said, the only up scenario I can see for the Dow is a huge squeeze, and that doesn't strike me as likely. Of course, the technician in me would smile so hard if in fact the charts were telegraphing some kind of incredibly bullish news... along the lines of "Saddam Dies In Bathtub Fall".