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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: AllansAlias who wrote (21497)	11/19/2001 7:04:13 AM
From: sun-tzu	Read Replies (1) \| Respond to of 209892

The "fundamental" obsession of seasonality is paramount here. The pricing momentum from October to December is obvious. Either strong up or strong down for the last 12 years is a 70% play. When the bears failed to break this technical snapback, with a little help from AG and PIMCO futures jamming, it set up this self-fulfilling short covering, fund buying ramp. With a thin trading week, we bears stand little chance of altering the pricing power now. Maybe a pullback next week, Either way, barring another terrorist attack or some other unabomber-type event, the market will move higher through the holidays as a result. It's actually better, the shorting opportunity developing is as you say, a once in a lifetime event. regards, (~)^(~)