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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 685.66+0.2%4:00 PM EST

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To: j g cordes who wrote (35305)11/29/2001 5:42:10 PM
From: Suresh  Read Replies (2) of 68639
 
Hi Jim,

so we are now left at the mercy of history.... :) But honestly I think we are going in the wrong direction for a sustained recovery in the market. A sustained rally cannot take place without solid foundation and the foundation we are building is not a solid one. Afghan events have unfolded really fast to make any long term recovery based on that event as a catalyst a big suspect. We will have anemic but decent growth of 15% or so for many companies going forward but we are setting up for major disappointment in the stock action over a long term.

Later,

Suresh
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