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To: Joseph G. who wrote (5561)9/10/1998 12:28:00 PM
From: Investor2  Read Replies (1) | Respond to of 86076
 
Re: "What makes it a "very strong support" except it held 1 day in August?"

I'm in the camp that believes that strong resistance turns into strong support, once the resistance is broken. S&P spent a lot of time wandering in the range of upper 800's to upper 900's.

Best wishes,

I2



To: Joseph G. who wrote (5561)9/10/1998 12:32:00 PM
From: Thomas M.  Read Replies (1) | Respond to of 86076
 
SPX - 975: The market spent all of Q4 1997 trying to break through this level.

Tom