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Re: OldAIMGuy post# 26097

Wednesday, 01/30/2008 3:59:10 PM

Wednesday, January 30, 2008 3:59:10 PM

Post# of 47382
Hi Tom ,How much left?
One thing that really sticks in my mind was a chart I saw on TV not so many days ago. I believe we bounced off 1360ish and went much higher twice in past 15 or 16 months. SO what is different this time? Well we breached the 1360 and fell a few weeks ago,, Why? Earnings looked a lot better back then on those 2 other tests,,,, now we have retail, housing, banking, etc all with much lower earnings, soooo what was our spring board has now seemingly become our resistance. Interesting to see if we can hold that 1325- 65ish range or will we make a new low here. Everyone who bought down there is probably looking to dump, looks like that may have started the last 1/2 hour or so today, Ken

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