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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Dave Kiernan who wrote (83225)	6/16/2002 6:18:36 PM
From: Patrice Gigahurtz	Respond to of 99985

Hi Dave: I'm personally 54% invested in two indexs S+P and Naz. I've held my long positions in CSCO (and others) but have for the past 1 1/2 years just played the indexs for a bounce here and there. I am hoping that the Naz can get back to 2000ish by early 2003 and that would represent a 29% gain from my entry point. I doubt 3000/Naz is in the cards until earnings actually improve but 2000 is possible if a short-rally prevails as was the case following the doom and gloom that naturally followed the attacks on 9-11. Back then CSCO hit $11 one day and now its a tad over $14. I doubt it will get back to $11 and so I am speculating that the markets have settled as per the market's actions on Friday past. That lower than expected retail number could be a fluke and the lower consumer confidence numbers were just reality, in fact we are in a dangerous time and we may never again be the Nation we were before when we thought we were safe from outsiders. So at some point we'll get used to being a different Nation and get on with it and at some point those trendy new G3 cellphones will sell, etc etc etc. Just a matter of when....... Thanks