Ask DrBob Message Board - Msg: 17170347

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Strategies & Market Trends : Ask DrBob

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To: longdong_63 who wrote (54008)	3/8/2002 9:20:31 AM
From: shoreco	of 100058

LD, My thinking here is, it's upupupup because that's what the market wants and your right if we back and fill we could have a healthy rise (we have to a sense). Don't fight it, These numbers are being compared to contracted numbers from the prior months and with the mild winter we had and construction booming, what else could we expect. Who do you think is doing all the shopping at Wal-Mart, the retail sector added 58,000 jobs. It sounds crazy to go long after such a run up, but it's even crazier to be (shorting) stepping in front of a speeding train. Last but not least, Japan needs to stay inflated until the end of March, that's 3 weeks away....... EOM Shoreco

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