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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: runes who wrote (60079)	2/6/2002 11:41:58 AM
From: Sam Citron	Read Replies (1) \| Respond to of 70976

Runes, Appreciate the reminder on the Feb effect. How's March? Sam

To: runes who wrote (60079)	2/6/2002 12:00:48 PM
From: michael97123	Read Replies (1) \| Respond to of 70976

R, 1700 or so is the downside. I have been looking at this market in trading ranges. I dont follow charts. I have seen the market trade between 1840 or so and 2099 for a few months now. I thought next trading range would be 2100-2300 which had been an older range. If there is no snapback today we will be in a lower range and it wouldnt surprise me to see 1700 or so. As far as february effect, i believe this year will be a total abberation. Rally last quarter of 2001 was emotional and too powerful. January upside didnt happen. Now folks expect down year because of HISTORY. I dont. Other history is that market never down three years running. What we have is the market out of sequence. April thru October will be the strong period, i believe. And that certainly isnt typical for tech. I think tech is holding up well in the face of enron, but do agree that if we sink into the 1700s tech will pay a price. I am still thinking rally today back into the 1840+ range. We shall see. mike