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S&P 500
6,822.59
(
0.59%
)
US TECH 100
24,367.60
(
0.51%
)
Dow Jones
48,169.05
(
0.54%
)
Brent Oil
93.70
(
-1.20%
)
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71,928.82
(
1.12%
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Post# of 704041
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Ace Hanlon

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Ace Hanlon

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Re: TREND1 post# 89082

Wednesday, 03/19/2003 7:25:19 PM

Wednesday, March 19, 2003 7:25:19 PM

Post# of 704041
The PPT can certainly support the market in the short-term. But the more they do this the lower the final bear bottom will be IMHO.

With VIX around 36 looks like the market has room ro run considerably further if no really bad news hit. But I still expect the lows to be retested at the very least once this 'war rally" peters out. Those looking for a rerun of 1991 are going to lose big time IMHO.

“The things that will destroy us are: politics without principle; pleasure without conscience; wealth without work; knowledge without character; business without morality; science without humanity; and worship without sacrifice.” Mahatma Gandhi

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