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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: fedhead who wrote (137513)	12/6/2001 7:12:53 PM
From: patron_anejo_por_favor	Read Replies (1) of 436258

Personally, I think higher as well, Anindo. Ideally, you'd like to see the 200 dy MA's get surpassed, then a successful retest of support there before further up if we are to go much higher. I agree that Put/calls don't look bearish here (though Rydex ratios do). Up possibly until the end of the year (after all, fund managers have their bonuses to think of!), barring some new unforseen event. May consolidate over the next week after FOMC, plus whatever prewarnings start to roll in, then up until earnings season. Basic materials (chemicals/papers) stockcharts.com probably still have a decent move ahead, possibly some rotation from financials and techs which are clearly extended. A lot's been priced in so far, but we're in a "low-resistence" season for upward stock movement. I would keep a close eye on the VIX and the P/C's, when they indicate more froth, I'd be ready to lighten up.

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