looking at some ma for support on a pullback we have the following. index/13ema/50ma ---------------------- ndx/1025/1037 nas/1379/1388 sox/310/318 spx/900/903 dow/8526/8557
these should hold as lows by no later than wed. would think we rally from there to try and get to higher levels. not sure if we will be successful. steve
Zeev -- <<"Is his $50 to $51 per share on the SPX credible at all..">> He is not out of the ballpark of those he plays the game with. I have seen estimates from the major houses in this range. You may be closer with <<"than 20% above what I would think actual results will be">> than my guess of 7% - 10% lower. Still we must remember there will be many 'write offs'. Did T not say today $1.5 BB for 3500 jobs? They, and others, must have some great (heaven sent) severance packages!