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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: BWAC who wrote (8564)	1/23/2004 12:10:19 PM
From: Gottfried	Read Replies (1) \| Respond to of 25522

OT *** BWAC Some large caps doing well, though. MSFT really was a head fake after E. Gottfried

To: BWAC who wrote (8564)	1/23/2004 12:20:55 PM
From: runes	Read Replies (1) \| Respond to of 25522

February blues - I mentioned this last week in passing but I think it may be worth elaborating. It is quite common for the markets to have a pullback in February - especially if there has been a Santa Claus rally. I've heard a ton of explanations - normal pullback from a rally, Christmas bills come due at the end of January, February is the most depressing month etc. etc.. Bottom line - a pullback here is normal and to be expected. So covered calls, or taking profits is a reasonable thing to do. ...As for this being the end of the rally - that won't become clear for a few more weeks. So if you are a buy and hold type who doesn't want to chase the 10% ripples - wait it out but stay alert - pullbacks and downtrends look the same at the start. IMO - the DOW may test 10,000 and NASDAQ will probably test 2000. No, I am not a technician but I have learned over the years that the market has a perverse attraction to numerology ;-)