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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 694.04

+0.7%

Jan 9 4:00 PM EST

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To: j g cordes who wrote (35944)	1/20/2002 11:35:19 AM
From: Logain Ablar	Read Replies (1) of 69623

Jim: No doubt before this bear is over valuations will come back down to more normal levels but many factors need to come into play. I doubt we see normal levels while liquidity finds its way into financial assets, interest rates are @ this level, and energy costs are downtrending. IMO still feel Sept 21 was a good intermeditate term bottom but we've bounced too far to fast from that one. We need a nice retest. I've been waiting since Nov. My only reason for buying zoox is I already own some with an avg cost of 90 and I HOPE (a bad word / style) to lower that by trading some shares (a mistake I know). Tim

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