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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 694.04+0.7%4:00 PM EST

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To: Return to Sender who wrote (34398)9/23/2001 1:52:17 AM
From: Suresh   of 69606
 
Hi RTS,

Everyone is looking to find that perfect bottom and then perfect setup for a rally point. Today I spent my time in the Sunny southern california (with a target threat of major studios in the city) and I am very happy to report that freeways were crowded more than usual, malls were filled with people. I was very happy to see that I wasn't alone going around. However, people may not be travelling(air) much but they are all doing other forms of activity.

Harry..... enough people have given up. All my friends are not trading and they don' t even want to invest any more money in the market. Investor sentiment is becoming bearish. BTW, this is the first time I am very comfortable going long stocks based on fundamental outlook. In due course we will know whether it will be a right move or not. However, with the recent events I am convinced even more than ever that we will have a very good time as longs till Apr/June 2002.

Later,

Suresh
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