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To: Paul Moerman who wrote (29940)3/13/2001 5:14:18 PM
From: Susan Saline  Respond to of 53068
 
1300 looks like resistance on s&p
lots got in and will look for b/e exits ... that is resistance ... and also close to 10% up from here
you might just get it

2 (or 3) green 5 red has been the trend for so long that ... it just goes against my grain to be "hopeful" for anything more
comp is in ugly a** down trend
but sheesh ... we could sure use some flat/slightly up ... continuous days ..... with nice ut closes ... we really need many days of that to form a good solid base in which to build back some confidence back into sentiment

and one day just does not do it for me ....

now if tomorrow were to close like that ... I will be more convinced ... that it is a lil more than a dcb after a crashlike week



To: Paul Moerman who wrote (29940)3/13/2001 5:39:37 PM
From: Ron McKinnon  Read Replies (2) | Respond to of 53068
 
>>>, but why on earth must we have 5 reds after only one more green????
>>>I'm so battered and blued that I need a 10% rally ....then I'll lighten up on margin and batten down the hatches

Paul, you may have answered your own question
as there are maybe 3,000,000 who feel the same way

only twice since Sept has the nasd gone up 3 days in a row

best case: people think yesterday was a real bottom and they also buy pre fed rate cut next week

worst case: more bad warnings and/or Washington keeps screwing up; spending time on subs and bombs and Clinton; and not addressing REAL problems

and Bush again starts a speech with 10 minutes of smiles and jokes then slips in "oh 5 of our men died today so let's have a minute of scilence"; then back to jokes again

or Greenspan plays hardball one more time