To: Sig who wrote (11287 ) 9/18/2003 5:15:56 PM From: im a survivor Read Replies (2) | Respond to of 13815 Reaching critical levels at a very interesting time. DOW approaching 10,000, NAZ nearing 2000, in mid september. Typically, from now til Nov/Dec is worst time for equities. And I wonder, as we approach the period that most investors are fearful of...when they(we) all have itchy fingers on the sell button, and now with such huge gains and approaching critical levels during this "perilous" period, I truly wonder how the market will react for the next 2 months and towards the end of the year. If we can break thru these levels fairly convincingly, it may make people feel more comfortable and their fingers may loosen a tad on the sell button. New money may think " I better get on board now, as I missed the last 1000 point run and dont want to keep missing and have to buy higher" On the flip side, if we can't bust thru these levels on both the DOW and the NAZ, it truly could start a big sell off...especially during this time period. As we get close to 10k and 2k, people will be watching very carefully. If it looks as though we wont bust thru those levels and hold them, there is too much profit siting in the hands of nervous nellie small, medium and big money investors. After such a horrible 2 - 3 years, small fries are very weary sitting on such nice short term gains. Fund Managers have been killed. When they are siting on such nice gains for the year, I dont think many will wait around and lose a nice % of that profit if the market even gives a hint of not breaking the upcoming crucial levels. So, we are nearing a very critical point and frankly, I can see it going both ways, so cant predict which scenario will play out.....but I do hope, even though I am sitting on some cash to buy, that we head higher and 10k and 2k are new bottoms for the markets. Anybody have an opinion as to which scenario plays out? I dont think we will hit those levels and go sideways for awhile. I think both are critical levels and we either go higher or go down, but I just dont see it trading in a tight range near 10k and 2k. Up or down, IMO, but I have no idea which one it will be...as usual <ggg>...still alot of shorts, especially as we go higher and higher. Will they win out and get a good overal whacking, or will we break thru those levels and cause a panic short covering rally that propels us up another 20% in a blink? Opinions?