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Strategies & Market Trends : Paint The Table -- Ignore unavailable to you. Want to Upgrade?


To: Jorj X Mckie who wrote (8057)1/2/2002 8:02:10 PM
From: Carolyn  Respond to of 23786
 
Life is full of disappointments.



To: Jorj X Mckie who wrote (8057)1/2/2002 10:22:19 PM
From: jcky  Read Replies (1) | Respond to of 23786
 
lol...

It's amazing how useful this chart is:

finance.yahoo.com^VIX&d=c&k=c1&c=^ixic&a=v&p=s&t=1y&l=on&z=l&q=l

I'm sure we'll survive January 2002 with some extra pocket change on the long side. The question is when the next hammer will fall? Will it be February, March, April or May?

The Nasdaq has gained over 40% since the September lows. It sure would be nice to see the market retrace some of these gains without testing the absolute September 2001 lows on thinner volume. Now that would be a solid bottom.

I just don't believe the V-shaped bottom the market is currently suggesting for the recovery of our economy is credible. There's been just too much excess capacity in the technology sector, in my humble opinion, for such a sharp economic rebound.



To: Jorj X Mckie who wrote (8057)1/2/2002 11:56:15 PM
From: Alan Smithee  Read Replies (1) | Respond to of 23786
 
I am modestly bearish, but don't see any sort of major sell-off near term. More likely, reality will set in around mid-month, when earnings season starts in earnest and people start realizing that stock prices have gotten a wee bit ahead of the curve.