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Re: Jerry Olson post# 114133

Tuesday, 06/03/2003 11:49:46 AM

Tuesday, June 03, 2003 11:49:46 AM

Post# of 704047
OJ,

If SPX is coiling in the retrenchment trading range (currently @50% short-term retrenchment), wouldn't you suspect that it's susceptible to retreat further down before heading back higher ?

IMHO, from this morning low to current high looks corrective, comparing to the late afternoon yesterday's whoosh.

Thanks and regards,

Lepto

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