Any news out?

heilbronner · Feb 27, 2004

I forgot, the moon. Any lunatics out there?

waggie945 · Feb 27, 2004

S&P Futures almost hit a 78.6% retracement of the move down from 1158.70 down to 1133.20 at:

1153.20

Today's R2 is also up there as well, coming in at: 1152.25

Or maybe it is because Abbey Joseph Cohen is about to speak on CNBC . . . Ha ha!

heilbronner · Feb 27, 2004

Quote from waggie945:

S&P Futures almost hit a 78.6% retracement of the move down from 1158.70 down to 1133.20 at:

1153.20

Today's R2 is also up there as well, coming in at: 1152.25

Or maybe it is because Abbey Joseph Cohen is about to speak on CNBC . . . Ha ha!

Isn't it Mary Meeker on CNBC?

m22au · Feb 27, 2004

For once I agree with waggie - it's because of Abby Joseph Cohen's appearance on CNBC.

Onf of my favorite lines from that interview was when she referred to accounting reports as now "[fairly] accurate"

Quote from waggie945:

S&P Futures almost hit a 78.6% retracement of the move down from 1158.70 down to 1133.20 at:

1153.20

Today's R2 is also up there as well, coming in at: 1152.25

Or maybe it is because Abbey Joseph Cohen is about to speak on CNBC . . . Ha ha!

dbphoenix · Feb 27, 2004

Quote from heilbronner:

Friday alone is no good explanation, as friday is statistically supposed to be the best performing day within the week, IMHO.

What difference does it make? Price hit resistance, there was a divergence, price fell to support. The "why" is irrelevant.

heilbronner · Feb 27, 2004

Quote from dbphoenix:

What difference does it make? Price hit resistance, there was a divergence, price fell to support. The "why" is irrelevant.

You are right, but after 9/11 I always have to think of some terrorist attack when the market is plunging.

MRWSM · Feb 27, 2004

Market wanted blood with Martha Stewart. Don't ask me why. Go ahead and sell me your shares.

waggie945 · Feb 27, 2004

"What difference does it make? Price hit resistance, there was a divergence, price fell to support. The "why" is irrelevant."

Very true.

pspr · Feb 27, 2004

There was a rumor that Bin Laden forces had Bush boxed in just south of Washington D.C. and were getting ready to close in on him and about 50 others in his entourage. Reported in "Al Kaida Today"