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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: AllansAlias who wrote (65040)	1/31/2003 11:12:47 AM
From: yard_man	Respond to of 209892

sorry -- guess I could just pinch myself instead of posting dribble here ...

To: AllansAlias who wrote (65040)	2/1/2003 9:45:15 AM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 209892

New Poll for February is up at marketswing.com. On last month's poll, we were a bit too pessimistic as the number one slot was to be down 10% or more and we were basically range bound to flat which was the #2 vote getter though at the time I put the poll up, the SPX was up around 900 and worded as such so we weren't that far off. Now that we have a firm number to vote from for February, let's see how we do. Hope you are enjoying your new job. Things are interesting out here in the test world, especially now. I haven't had time to do any of the things we talked about but I haven't forgotten them, just need some free time. FWIW, Non- E-wave read here, I think we go up 5% to around 880. We'll see. I still think they want to hold this up for the war and that seasonality will limit the down side until March when the bttom finally starts to fall out this spring BWDIK. To be fair, I have no idea where we are going for sure. We have Iraq looming, Greenspan does the old "what used to be called" Humphry Hawkins testimony in front of Congress in 2 weeks, there are some more earnings looming ahead like CSCO and all or any one of these could influence the market this month. When news is out there like this, it is tough to call the market in the mid term. Chart wise, I have some buys, a lot of over solds, and we are in a good seasonal period with a deeply over sold dollar which could attract some foreign capital or at least slow the money that has been leaving. I am targeting 880 SPX basically because I think they want to try and regain that broken trend line and thus I feel that is where the next rally attempt will fail or stall. Enough of this non wave stuff, any chances at all that we are still in the "B" of the Big 4 and could have a "C" up into March? marketswing.com Note this chart is from 12 Jan and doesn't reflect the last 2-3 weeks action Good Luck, Lee