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Pastimes : Ask Mohan about the Market

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To: Cynic 2005 who wrote (11607)12/15/1997 4:42:00 PM
From: Joan Osland Graffius   of 18056
 
Hi Mohan, >>Today's strength appears to be one heck of a short-covering.

Why do you think this was short covering? Some interesting observations I made today was the papers and aluminum stocks were up. These have been in a bear market for a while. Utilities, Autos, and Banks were up. I can not believe these autos, maybe this is the begining of an economic cycle.<ggg>

MU was interesting, a small rally during the day and then back down again.

MOT, TXN, and some friends rallied today.

Time will tell us if all this was a rally in a bear market.

Joan
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