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Strategies & Market Trends : Don't Drink the Kool-Aid Kids

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To: AugustWest who wrote (829)	9/7/2001 9:17:31 AM
From: John Pitera	Read Replies (1) of 1063

Auggie, we'll see a 20% + rally start in the next 6 weeks, and it could be more like a 40% rally, but I can not guarantee what type of bottom- base level it comes off of. we'll be probing the SPX 4-4-01 low and the even intraday lower 3-22-01 very possibly today. If we see a big volume selling climax with some give up prices in prized equity names, some elevated put/call ratio's and elevated VIX and VXN readings, we could see a bottom within a week, but on with a big time shelling that gives us a washout. We'll have our Buy Rosh Hashanah rally looming a week from this monday on the 17th. so that date is coming soon. John

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