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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 683.21

+0.2%

4:00 PM EST

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To: Logain Ablar who wrote (36972)	5/9/2002 3:08:22 AM
From: Johnny Canuck	Read Replies (1) of 69370

Tim, Like you I don't believe this rally. The CSCO numbers were not all that great. I think it is more of a short covering rally. They should re-load around 1700 or 1743. We did fill one of the the gaps in the COMPX from Oct, but this is still far from the low of September. The only thing on the positive side is that the economic situation is not as dire as in September.

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