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To: The Ox who wrote (31927)11/18/1998 12:50:00 PM
From: upanddown  Read Replies (2) | Respond to of 95453
 
Michael

We need to remember that the two previous bottoms in the last three months were accompanied by selloffs and recoveries in the general market. Both times, the OSX went down faster and came back faster than the S&P 500. That is not happening now.

bigcharts.com

If a tired-looking general market rolls over here, I would expect to see an OSX retest of the lows below 50, especially since the fundamentals are much worse than they were at the prior lows.

John