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S&P 500
5,460.48
(
-0.41%
)
US TECH 100
19,181.60
(
-0.43%
)
Dow Jones
39,118.86
(
-0.12%
)
Brent Oil
84.85
(
0.00%
)
Bitcoin
61,012.14
(
1.16%
)
Post# of 704019
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ItsAllCyclical

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ItsAllCyclical

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Re: wahz post# 20898

Friday, 08/30/2002 10:11:59 AM

Friday, August 30, 2002 10:11:59 AM

Post# of 704019
>> Obviously the market can certainly go up,or hold its own, even in the face of the renewed IT spending weakness <<

How is that obvious after only 40 min of light pre-holiday trading?

What extent of this rally is simply relief and/or short covering? What extent of this rally is trying to relieve the SOX being down almost 20% in less than 10 days?

Glad you're so convinced. Me, I'm on the side that says new lows are more likely than unlikely going forward the next 6 months.


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