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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: James F. Hopkins who wrote (20386)6/15/1998 4:42:00 PM
From: P.T.Burnem  Read Replies (2) | Respond to of 94695
 
Round numbers like 8700 provide only a limited amount of support for the Dow. The next stops are: a) 8500 and b) 10% off the all-time high (intra-day). I think the latter will hold.

The VIX @ 26 indicates that the bulls are not particularly troubled by the recent slide. To me, this indicates that we have not seen a bottom yet.

PTB