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S&P 500
5,127.79
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1.26%
)
US TECH 100
17,446.00
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2.17%
)
Dow Jones
38,675.68
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Brent Oil
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0.36%
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Post# of 704019
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Zeev Hed

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Zeev Hed

Re: jrintl post# 306505

Wednesday, 10/06/2004 8:54:10 PM

Wednesday, October 06, 2004 8:54:10 PM

Post# of 704019
If we go straight to 2050 or so, yes we could have then (later this month or next) a sharp drop of more than 100 from there (getting us essentially where we are now). I think that for the next few weeks, including a possible decline, the 1925 should serve as a good barrier (actually, that is a "safe level", technically, the old 1940 Maginot line comes back into play). I am not saying chase anything (I myself am at 42% cash and will deploy slowly into retrenching issues, not breakouts).

AZH

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