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Strategies & Market Trends : Paint The Table

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To: Jorj X Mckie who wrote (2173)	11/15/2001 9:12:05 PM
From: John Pitera	Read Replies (1) of 23786

What we should remember is that Thanksgiving is only a week away and so we may not see much happen prior to the last week of Nov. In the past we've seen some seasonal strength Yale Hirsch in his stock traders almanac pointed out that since 1950, the day before and after T-Day were up, 33 out of 35 years. He published that in 1987, and sure enough it distorted the seasonality as the days were down 4 out of the next 5 years. But then their has been a net gain over 6 of the past eight years. keep in mind ABI the old PE Biosystems, they are supplying quite a bit of the "picks and axes" for genomics and biotech and the the PE is 37 trailing and 27 for 2002. However it's at it's 200 dma resistance, and hence it's probably not the correct time to buy. John

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