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To: Larry S. who wrote (19095)2/10/1999 12:27:00 AM
From: DanZ  Respond to of 53068
 
Larry,

I agree that the market will probably rally soon. It rallied about 75 points after my post this afternoon when the TRIN got to 1.5 but then obviously gave that back plus some going into the close. The TRIN closed at a very oversold reading of 1.88. Assuming that the market is just correcting, as opposed to a bear market (which I don't think is likely), the downside looks limited. The DJIA closed right on it's lower daily bollinger band and I think this should offer some support for the index. At least we can hope.

Dan