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To: Haim R. Branisteanu who wrote (76706)6/26/2003 3:34:30 PM
From: Louis V. Lambrecht  Read Replies (1) | Respond to of 209892
 
My feeling also. I wuz expecting a test of SPX 980 to settle for 960. Then a bullish bias next week (with failed new high).
Markets applauding new home sales, but then, there is:
Home Foreclosures Hit Record High reuters.com
IMHO, June 6th is the key (Adam), June 16th was Eve.
SPX has the neckline 976ish (38.2 fib from the rally from May 20th) and this means 61.8 retrace 951ish after 4th of July on the mid tine of my #$#@#$ fork.
If not, I will sue the Street in Florida and ask for a recount!