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To: Jibacoa who wrote (2383)	10/13/2008 9:39:48 AM
From: Jibacoa	Read Replies (1) \| Respond to of 3722

Remaining O.T. <g> The market seems ready for a bounce It may do a short V shaped bottom and test the resistance at the 10000 level,which some people called the 'Maginot Line' which was pierced on Oct 6 & retested on Oct 7 It may even get to retest the minjgap down of Oct6 just above the 10250 level, but if it so, it still won't break the longer downtrend, which at the present time is somewhere near the 11700 level.<g> Bottom line, the market appears oversold and ready for a 'spike', but it seems that it will take some time to get out of the doldrums. Bernard

To: Jibacoa who wrote (2383)	10/24/2008 11:39:31 AM
From: Jibacoa	Read Replies (1) \| Respond to of 3722

O.T. Looking at the DOW & comparing it with the Oct10 drop It seems that the Oct 10 L is going to hold.<g> All 30 DOW stocks are down, but only 9 are below the Oct10 Ls. AA AIG C CAT DD GE IBM INTC & HPQ There are some like DIS HD & HON that have been near the Oct 10 Ls but didn't got to test it.<g> Most of the others are still above their Oct19 Ls & if I would make a guess,I would bet that unless we get some further bad news the Oct10 L will hold for now.<g> In the unlikely case that we drop below the Oct10 L, then the DOW could get to test the Oct2000 L at 7197 <g> Bernard