Technical analysis for shorts & longs Message Board

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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 687.86

-0.4%

4:00 PM EST

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To: j g cordes who wrote (35964)	1/22/2002 1:29:30 PM
From: Johnny Canuck	Read Replies (3) of 69296

Hi Jim, Aren't we getting to the time of year where the retailers are seasonal weak? After the jump in sales usually associated with Christmas sales, there is usually a lull till spring fashions come out. Technically, the COMPX has generated a buy signal. Unfortunately, the SOX is not generating a similar signal and indicates there is more downside. At this point I can't see a catalyst for the market to reverse in a significant way. I can only see some weak bounces within a newly established down trend.

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