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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: Bill Harmond who wrote (15074)	11/26/2002 3:22:00 PM
From: XBrit	Respond to of 57684

Well maybe, but news has not been a big factor recently. Every Iraq deadline can provide an excuse for a pullback, and every piece of good news can provide an excuse for a rally, but the main dynamic is self-fueling speculation on a possible economic recovery. As far as I can see, the market is just breathing in today. Nasdaq not quite ready for its first run at the 200 SMA. I mean, I dunno, maybe it will never get thru the 200 SMA. No short-term opinion right now, just watching and will go short when the up momo is clearly exhausted.