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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: SouthFloridaGuy who wrote (87905)	10/7/2008 8:55:55 PM
From: ajtj99	2 Recommendations Read Replies (3) \| Respond to of 116555

If 944-960 does not hold the SPX, there is really nothing between there are 768-786 SPX. It's a huge level, and it should be bought tomorrow if we get there. It was huge in 1997, 1998, 2001, 2002, and summer 2003. You can't bust through support like that without gapping below it. Look for a rate cut pre-market on Thursday to counter the expiration Wednesday night of the short sale rules for the 1000 "financials" that were illegal to short the past few weeks.