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

To: Paul Shread who wrote (65281)	2/4/2003 12:09:11 PM
From: Kip518	Read Replies (1) \| Respond to of 209892

John Roque on being "too bearish" More important indicators show that the market is not oversold, investors are making some money short, and upside momentum for the VIX is building. That's all negative for stocks. Too bearish? Nope. I'll concede that stocks can bounce, but that move won't likely go far or last long. (The S&P 500's resistance levels are at 875 and 888.) The major risk to sticking with a cautious/negative view is a quick resolution to the Iraq situation. An unexpectedly positive resolution could easily produce a meltup scenario. But I believe that a rally because of a perceived Iraqi settlement or victory won't prove to be the saving grace most people contend. thestreet.com