Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: Roebear who wrote (10665)	4/12/2002 11:17:54 AM
From: isopatch	Read Replies (2) of 36161

<what do you think of this market "rally"?> Not much.<g> IMHO, all we've got here is the big inflow of retirement money struggling to hold this thing up while the smart hedge funds mgrs and savvy independent traders - who see an Intermediate Top forming - have been selling into strength. That's one of the reasons there's no follow through on these one or two day pops in the broad market indices. With $$ coming into stock and fixed income funds through 4/15 there could be more of this churning/wipsaw price action with flat to downward direction through the end of the month as mgrs deploy most of those funds. But once that's completed? The market goes into the bag. May (especially the latter 1/2 ) and June look hard down to me. Iso

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