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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: isopatch who wrote (30110)	4/7/2003 10:59:35 AM
From: Arik T.G.	Respond to of 36161

Market Comments First war comment I make It is still my opinion that the bear market is not over yet. Although some technical strength was gained - unlike the previous 3-6 months rallies that had distinct correction patterns on them this one is not clear yet. There is a lot of noise from Iraq. IMO the 1st jump when the ultimatum was announced was both relief rally after the tight diplomatic situation and expectations for a swift military operation in which Sodom Insane will shortly be killed / exiled. When the preliminary expectations were not met in full there was the ST correction to the exuberant rally. Now it seems again that the goals of the military operation are close to being achieved and the S&P passed the previous ST top this morning. IMO this is again a premature response to a situation not yet clear. ATG