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Post# of 704041
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Ace Hanlon

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Ace Hanlon

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Re: Zeev Hed post# 86376

Thursday, 03/13/2003 10:59:40 AM

Thursday, March 13, 2003 10:59:40 AM

Post# of 704041
Alan Newman market comments this morning:


Our confidence in the prospect of a short term reversal is not high. We believe that traders are grasping at literally every straw to find a trend and at this juncture, what might be in effect is a relatively trendless phase, a trading range, if you will.

Simply put, there are too many participants who are on hold, waiting, waiting, waiting for something to happen. And when it does, we're certainly not sure that the majority will get it right.

Resistance at Dow 8076, SPX 852 and Nasdaq 1353 appear strong enough at this time to halt any upside progess.

Alan M. Newman, Editor
Longboat Global Advisors Crosscurrents
516.557.7171

“The things that will destroy us are: politics without principle; pleasure without conscience; wealth without work; knowledge without character; business without morality; science without humanity; and worship without sacrifice.” Mahatma Gandhi

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