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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 695.41

+0.5%

Feb 2 4:00 PM EST

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To: j g cordes who wrote (35243)	11/24/2001 2:54:21 PM
From: Johnny Canuck	Read Replies (2) of 70379

It looks like DVD will finally by the must have product this Christmas. They are as cheap as $164 here in Vancouver. It is quite amazing actually. What is the mall traffic like in the various parts of the country where people live? Personnal reports should gives a better idea of buying patterns and consumer mood as opposed to the analysts hype. ESST still appears to be the closest thing to a pure play. The pullback to the $15 level (20 day EMA) would have been a good entry point, with a stop loss just underneath provided the rally continues. Due to the light volume it is hard to tell the direction of the overall market, but statistically the market rallies after a holiday weekend, so Monday should be up.

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