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To: robert b furman who wrote (3262)	12/15/2002 12:07:01 PM
From: Return to Sender	Respond to of 13403

OT From Asian Investor Online SNIP: The long-term fundamentals, say for December 2003, are excellent but the outlook for the next 60 days is still rocky. By most estimates there is between $6 and $7.5 trillion in idle cash waiting on the sidelines earning minimal interest. This money will eventually find its way into the markets. There are tax cuts on the horizon and the Fed is hooked on speed. Bears have a very limited life expectancy at this point. Last Sunday I said I expected a small bounce and then another dip with 8350 as eventual support before the holidays. The bounce was weak and the dip did not quite reach 8350. Monday's open could finish that dip. Despite all the negative views I expressed above I think most of them are already priced into the market. We know we are going to attack Iraq next year. We know there will be a recovery in the PC sector eventually. Remember the much-anticipated second half recovery of 2002? Well that has now slipped slightly, by about twelve months. This lack of recovery means the markets rallied off the October lows a little prematurely and we have to tread water until the recovery catches up with the markets. We can still have a holiday rally but there are still some challenges ahead. If we are going to see Santa then we should see a change in the markets early in the week. I would not be surprised to see one last attempt to test solid support at 8350-8400 on Monday and then sideways to up from there. The 50 and 100 DMA are at 8408 and should blunt any drop attempt. I would be a buyer of the market at Dow 8425 with a stop loss at 8250. This would be to capture any end of year rally and I would sell on weakness after Dec-26th. Think of it as returning unwanted presents to spend the money on sale items later. asianinvestoronline.com RtS