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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?


To: Sandra who wrote (9555)10/16/1998 12:20:00 PM
From: James Strauss  Read Replies (1) | Respond to of 29382
 
The Market...

Sandra:

Dow 8500 is an important resistance area... If we blow past that area the Bull could resume... If we bounce off that area to the downside, the Bear still has some life... It would then take another 1/4 point rate cut to visit the old Dow highs... But, there is no guarantee that the Dow won't reverse itself for a final Bear market blowoff in the 7000 to 6500 range...

Jim