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

To: Londo who wrote (297)	4/7/2003 4:09:11 PM
From: RockyBalboa	Respond to of 666

DJ lost all its gains - DJ future shows +3, was up +240 initially! (to a traded high of 8500). THis must ba quite a blow for the bulls. A funny combination. An evening star followed by a doji! And yes, there is supply, plenty of. If there are no IPOs then the insiders or convert holders are busy selling or hedge. We are miles away from a bull mkt- And yes, the US03M made it up to 111 and over.

To: Londo who wrote (297)	4/7/2003 4:19:55 PM
From: RockyBalboa	Read Replies (2) \| Respond to of 666

My theory is still that the war hype overshadows the bleak earnings situation for the time being. But if you look at the load of negative preannouncements, there is plenty of room to the downside. When the war is finally over, some companies may get business from rebuilding the iraqi infrastructure but then? And I'm wodnering whether the small internet bubble bursts. EBAY approaching lofty valuations -but put a dark cloud in today. Of course, doesn't mean anything given the forces behind the ebay drive.