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To: MonsieurGonzo who wrote (4316)10/13/1998 12:09:00 AM
From: Berney  Respond to of 11051
 
MG, Re: OEX

I'm also using the 470 trend. A close below there would not be taken lightly. The problem with a down trending market is that all sorts of "potential" support and resistance points tend to develop. Sure seems like 496 operated as resistance today. Next I show the 500, and the would get bullish (short-term) above 505. Then, there is that 520 area. So, I see a lot of resistance above us, and not a lot of support below us. BWDIK

I'll put COF on the watch list. Tried to play CCI late this afternoon. Went in at $36 1/4 and feel very fortunate to get out at $36 1/2. The puppy definitely sold off in the last half hour.

Seems I got out of CSC at least a day too soon; but in late August I had made the decision that 10/9 was my "get to cash" date. Some of the moves in the Big Boyz since the lows last Thursday have been incredible.

Berney