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Strategies & Market Trends : January Effect 2003 -- Ignore unavailable to you. Want to Upgrade?

To: Londo who wrote (290)	4/4/2003 11:15:30 AM
From: RockyBalboa	Respond to of 666

Well, I found it was better to trade from the short side,... one could not bet on spikes, but as it was up so much (and under 1060 yesterday afterhours), it calls for a decdent bearish action. Giving the bleak economic reality, I highly doubt that the end of war (with its coming costs for rebuilding it) would provide much reason for a new bull (except that some uncertainty is removed). On the other hand, problems with bonds, mortgage and housing looms inside, and I'm not sure how the current administration will cope with that, or even has a plan how to tackle it. In the short run, of course one or the other equity could try a run but that will be lead to new the selling, as it was for years now.