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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: Jay Lyons who wrote (8029)	2/8/1999 12:16:00 PM
From: NewKit	Respond to of 43080

1 XCIT = ? ATHM?? Could someone help? Thanks

To: Jay Lyons who wrote (8029)	2/8/1999 12:17:00 PM
From: LastShadow	Read Replies (3) \| Respond to of 43080

A 10% drop doesn't equate with testing the October lows. The S&P500 was at roughly 970 Oct 8 and the local high is 1280. So its climbed 33% since then, and to test those lows would require a 25% drop. I think they don't believe that DELL and MSFT, or the other 12 major stocks of the capitalization-weighted SPX index will drop to the Oct lows, but that many stocks will and the big dogs will maybe drop 8-10% - making the index only look like a 10% drop. ls