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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: RR who wrote (46269)	1/12/2002 9:59:06 PM
From: Sully-	Read Replies (1) \| Respond to of 65232

Hi RR, RE: Interesting........... What can I say? I'd rather stick to the facts & reality (the real one, not the perceived one) than indulge my personal bias & allow myself to be generously liberal with my perception of reality.......... particularly when one wishes to publicly attack others, or when one wants to play both sides of an issue. You know what happens when you ASS-U-ME too much........... OC's like me bring the truth to light ;-) RE: trading.......... I'm scratching & clawing along. I'm looking to get short the market next week for a spell. Me thinks that earnings & guidance will not justify current & forward P/E's & we will see volatility both ways for most of this year. Enjoy your trip & good luck with your trades Rocky Raccoon :- Tim

To: RR who wrote (46269)	1/12/2002 10:37:55 PM
From: Sully-	Read Replies (1) \| Respond to of 65232

From Briefing.com.............. General Commentary The Nasdaq finished Friday towards its session lows which also happened to be the index' lowest close of the week. The sell pressure was driven largely by Alan Greenspan's comments during an afternoon speech. Unfortunately for market bulls, the Federal Reserve Chairman said it was too early to call an economic recovery, though he did throw investors one backhanded bone -- he stated the "unremittingly negative outlook has now turned mixed." Needless to say, we didn't see any champagne corks pop on that remark, though it did appear to hold severe sell pressure in check. From a technical perspective, there are several items worth mentioning. The markets sold off on notably light volume Friday (1.6 billion shares on the Nasdaq) which fits with the pattern through the latter half of the week. The Nasdaq's 50-day simple moving average did indeed cross through its 200-day moving average Friday which is a dynamic that improves the longer-term market tone. To the downside, look for initial support around Nasdaq 2,000 to serve as a reasonably formidable floor for the time being. To the upside, watch for initial resistance in the area of 2040 followed by more important overhead at 2050. Next week, the corporate earnings calendar is much heavier as earnings season swings into full gear. On Tuesday, look for reports from technology bellwether Intel (INTC) as well as optical networker Juniper Networks (JNPR). Those two are followed by Yahoo! (YHOO) which is set to report on Wednesday after the close. On the economic front, the Consumer Price Index or CPI is set for release on Tuesday and the University of Michigan Consumer Sentiment Index will be reported Friday morning.