It appears a re-test of the lows would be a triple bottom across jul02-oct02-and current sell-off. -- ERG trade data forum

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Date Posted: 09:49:11 02/26/03 Wed
Author: Title: Double or Triple? S&P 500 dated the 27/2/03 Oz time.
Subject:

It appears a re-test of the lows would be a triple bottom across jul02-oct02-and current sell-off.

From: estimated Replying To : bonkers (post 3398) Feb 26 2003 11:12AM
Title: Double or Triple?

It appears a re-test of the lows would be a triple bottom across jul02-oct02-and current sell-off.
One of the problems is the ongoing refusal of most analysts--good old "Ned" on CNNfn right up there---to discuss the possibility markets remain overvalued, despite the correction to date...this helps to draw out the pain and lends to the occasional "relief/hope" rallies, before reality returns. Too many reports available on the topic exploring the hwo companies continue to prop-up there earnings via refusal to include all actual costs (let's just consider stock options to officers/employees as the most obvious).

In any event, a retest w/b third retest, and folks long in the market better pray support again holds...

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