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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 659.00

+1.0%

Nov 21 4:00 PM EST

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To: shasta23 who wrote (36849)	4/26/2002 2:35:54 AM
From: Johnny Canuck	Read Replies (2) of 68212

Funny commentary. At the very end the poster is bullish because the other indicators are too bearish. I don't think it is time to be contrary quite just yet except for a one of two day bounce. Longer term I think the economic environment is improving, but as we return to normal we need to expect normal cyclical effects to come back. So next Q will be flat to down for many sectors. Case in point ESST is guiding to flat numbers next Q, despite the blow out this Q. The number is still strong especially given unexpected strength from China this Q. Same effect should be PC's and other consumer electronics.

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