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To: AllansAlias who wrote (85072)10/29/2003 7:25:15 AM
From: GREENLAW4-7  Read Replies (2) | Respond to of 209892
 
Allan, everyone and their Grandmother believe we are in another Bullmarket which from what many say should easily taKE nasd TO 3k, AND dOW TO 12k. The Problem with this scenerio is it feels, looks and fundamentally speaking is acting so much like the top did back in 2000.

If I recall back then most believed we were on the heels of a new leg up right at the top.

Fundamentals are not supportive of current market heights and I would expect a 2-3 weeks death spiral to cometh very soon.



To: AllansAlias who wrote (85072)10/29/2003 10:20:41 AM
From: Shack  Respond to of 209892
 
The least the bears could do to end this is lay off those QQQ puts. Every flippin' month I see the same shit there.

I believe we are in the topping area but the momentum while weaker, remains with bully. As you say exuberance eludes us, but a few days of 2000+ on the Naz should kick it in gear.



To: AllansAlias who wrote (85072)10/29/2003 9:26:16 PM
From: skinowski  Respond to of 209892
 
I'll go with SPX 1082 (fuzz: +12, -9) for a turn target for a winter decline

AA, no one asked the question, so it may as well be me. How did you arrive to this target? If you don't feel like delving into the nitty gritty, that's OK, but I for one would be interested - in case you feel like it.