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Strategies & Market Trends : The New Economy and its Winners

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To: Lizzie Tudor who wrote (15816)	1/20/2003 1:59:42 PM
From: fedhead	Read Replies (1) of 57684

Sentiment seems fairly bearish considering that we haven't violated December lows. (I think Barron's had a cover about the Debt bomb and WSJ is talking about a double dip) I think we are in a trading range between December lows and Decmeber highs. When we get to the high end of the range sentiment gets bullish and we selloff. When we get to the low end of the range it gets bearish and we rally. Though I remain a bear I do think we need to break out above December highs to suck in everybody including the bears into the bull train and then we get the train wreck. Maybe the market in its perversity will first take out the December lows to suck in all the bears into the bear train as well as inducing the bulls to relinquish their shares before going up and taking out the December highs. So NDX at 1200 , S&P above 1000 wouldn't surprise me in the next few months. In the end I believe this remains a traders market where it is best not to have any long term commitments to one's positions. Anindo

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