Also, keep an eye on breadth - right now there are about 1,700 advancers to 3,300 decliners and there are only 52 new highs on the Nasdaq so far.
Larry
Gary
Re: S&P breaks support
August 4 2003, 9:33 AM
Larry,
I think this is the funniest thing I've heard on CNBC yet. While trying to explain the bond market collapse the commentator explained that on a 30 year mortgage of $250,000 the difference in your monthly payment is "ONLY" $250. Then right afterward Joe Kernan and David Faber desperatly tried to direct viewers attention back to last Thursday when the DOW was up over 100 points. By the way were can I find a graph of the 10 & 30 treasuries.
Gary
Bob Dillon
spx 962
August 4 2003, 9:37 AM
if volume of NYSE comes in over 1.3 billion and spx closes below 962 swing low then ABC down for me
targeting 1600 on the Nasdaq
Re: S&P breaks support
August 4 2003, 9:47 AM
Gary - StockCharts.com. The symbol for the 10-year is $TNX. The symbol for the 30-year is $USB. And I guess $250 a month is no big deal if you have an anchor job on Bubblevision. But in the real world it's going to be a very big deal.