BUt 2.631 should really hold as support
as a recall this is the low of www
otherwise we are going to 2.580
2.631 Semibiz can explain
Started by
relax
, Jul 24 2007 02:44 PM
2 replies to this topic
#2
ogm
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Posted 24 July 2007 - 03:21 PM
BUt 2.631 should really hold as support
as a recall this is the low of www
otherwise we are going to 2.580
Have you seen the NASI today at the close ? There is no support.
There may be a short term bounce, but a reversal is far off. We're in downtrend now.
#3
relax
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Posted 24 July 2007 - 04:02 PM
i'm a bear too
but going from an all time high for S&P 500 directly to a downtrend makes no sense for me
as i have previously written, S&P had to do the same as DAX has done and currently doing
DAX is also at the same level as seven years ago - of course this is going to result in some selling
5-10 per cent maybe
i'll be looking at the DAX to tell me when this is over - and today it told me that things were not over
where do you see support for Nasdaq Composite
Cheers ;-
