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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: ajtj99 who wrote (17122)	11/26/2002 12:59:57 AM
From: jjstingray	Read Replies (3) \| Respond to of 30712

I am thinking we top on the 27th, fall into the 7th or 8th and then run into the end of the year. January should be ugly. Look at all the calls bunching up at 30 on the QQQ's. Problem is, too many puts for December. I think we get a pullback which will scare the bulls and encourage the bears. There is no way the fund managers are going to let this thing die, no way. I am not a bull, but am a realist. December is always and I mean always the strongest month of the year. Too many fund managers are down and down big. This rally is going to save their jobs. I think we go to new lows next year, but sometime in the Fall.