Technical analysis for shorts & longs Message Board

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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 687.57

+0.7%

Dec 10 4:00 PM EST

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To: j g cordes who wrote (37613)	7/13/2002 9:51:49 PM
From: Return to Sender	Read Replies (1) of 68919

I believe guidance will be the most important factor of all. I think we are going to see a lot of companies lowering their forecasts for future earnings. Because of this, and other reasons, the VIX will probably find a reason to head back towards 55 in here before, or in, October. At that time I think we should be long. October, I mean, after the VIX spikes, the S&P 500 should be selling at a much more reasonable P/E multiple. Just the humble opinion of an all too often disappointed bull. RtS

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