Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Tom Pulley who wrote (83252)	6/30/2002 6:36:54 PM
From: Patrice Gigahurtz	Respond to of 99985

I suspect that the mild rebound we had last week is shaky. Recall how firm the run-up was following the initial 9/11 lows, we didn't have that type of run-up this time the 9/11 lows were reached last week. Thus, if earnings for the 2nd contain scary forward guidance then we could see lows below 9/11 and that could be really nasty but maybe the Prez's Saturday remarks about the problem will be helpful for trading this week. Also, if the economy can somehow keep yielding reasonable GNP numbers then even with boring earnings the floor could be here. Its such a big bet and confidence is so low in the "system" right now and that wasn't the case following the initial 9/11 lows. I forget who said but a man is only worth his word and without his word(s) he has nothing. Thanks I'm long some indexs S+P and Naz . If we see the Naz again at 1700 I'd think we'd be doing good for 2002. If the DOW can hold 9000 I'd be happy and if the S+P could find a base at 1000 I'd be happy. Its the pop we'll see when "true" earnings start to improve qtr after qtr that I'm willing to wait a year or so for. That "pop" could be significant and quite appealing but it won't be any time soon. What about all those people at Polaroid and WCOM that retired ?