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Technology Stocks : Identix (IDNX) -- Ignore unavailable to you. Want to Upgrade?


To: marvin smith who wrote (11670)12/11/1998 9:00:00 AM
From: Rob C.  Read Replies (1) | Respond to of 26039
 
Ron and Marvin,

I don't think I will be holding any stocks if the Dow breaks 8600 on the downside and the NASDAQ breaks 1825. These are the levels that I am selling out of everything. No exceptions, IDX included. I don't want to be around for DOW 6,500. I feel that the next few tradings sessions are going to be very important. I guess in a way I am forcasting a huge drop if the above support levels are broken. If the Fed doesn't lower interest rates at the next meeting, later this month, I beleive the market will break the previous lows set in August.

Regards and luck to all,

Rob