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Post# of 704049
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jdaasoc

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jdaasoc

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Re: mlsoft post# 6631

Tuesday, 07/23/2002 10:10:45 AM

Tuesday, July 23, 2002 10:10:45 AM

Post# of 704049
I assume that worst was over for banks. BKX at 653 off 30 pts indicates that ENE WCOM trouble has yet to be felt to its fullest. Citigroup revelations today are most troubling of all.

The bottom now requires IMO banks to retest 1998 lows of below 600 in BKX.


So much for any meaningful dead cat bounce.

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