response to ninelives, page-21

Mr Treggs

Could I impose on you to put in the 200ma on the chart and run a trendline from 2003 low and touch the march low....reason being on CMC I have 200ma at 5130 and the bottom bol at the same level and a continuation of the trendline from 2003 through march low at about 5170....so this region might be an area for a short term bounce....testing the 200ma again....pretty precarious....it might be enough to get us into oversold stoch territory as well and a chance for a rebound

On CMC financials index (with a bit more downward help today)will have a daly double bottom formed ....with a potential to rebound short term at least as well....this should hold and starve the XJO of the loss of easy points...unless of course the US keeps going down

thanks