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To: Venkie who wrote (4782)11/26/2001 10:12:18 AM
From: Boplicity  Read Replies (1) | Respond to of 13815
 
2000 and 10000 are going to act like magnets. Also, retail this holiday season might not be as bad as everyone was thinking. If the DOW is able to stay above 10,000, the market players that are calling for a retest will have to throw that idea out the window. Still, both of those numbers are going to be hard to blow through, let alone work around. I see the market stalling here. Fall back then rising, testing those round numbers, as it slowing builds up confidence that the underlining support is in fact strong enough to provide floor to move off of and eventually surpassing both 10,000 for the dow and 2,000 for the naz.

I believe the easy money has been had off the bottom that happen in Sept. it's going to be harder from here on out till something else comes along to spark the market. It's all about anticipation. We had the anticipation rally off the bottom, now we wait for confirmation, or more anticipation to be built.

b

p.s. I was too early in shorting the QQQ, so I covered.