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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?


To: Sonny Blue who wrote (26593)5/27/1999 12:22:00 PM
From: J.T.  Respond to of 50167
 
DOW, is at critical support 10,520. If we don not hold this number on close I assure you we will test 10,330 tomorrow, imho. In another post I mentioned memorial day holiday statistic for market. The market has been down last 3 years the week AFTER memorial day weekend. One of the three years was because of the same reason we face now INTEREST RATE INCREASE CONCERNS. We have one full month of this storm cloud over our head. Technicals are breaking down everywhere imho. Including nets. J.T.

EDIT: If selling accelerates today 10,330 test is an outside shot today, especially if SOX turns back negative.