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To: Jon Khymn who wrote (405)2/27/2003 1:44:16 AM
From: Chris McConnel  Read Replies (1) | Respond to of 795
 
>> Do you think nas 1300 will hold this week?

Boy, your guess is as good as mine. Sentiment is starting to get negative, but not sure if it's enough for a pop.

Like to see it break a couple of support levels, and flush the weak hands. That would give a stronger pop.

Think this market is keeping the bulls too hopeful. Too many folks assume the market is going to rally once the war starts, so they may be clinging to their positions.

>> I don't know what's the definition of recession, but aren't we already in recession?

I don't know either, the standard definition of recession is 2 quarters of negative GDP... but, as always, some companies will be doing worse than others, so it will feel like a recession depending on what you do. Mortgage companies are probably saying "What recession?" :)