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Re: jaykayjones post# 14603

Sunday, 03/23/2003 8:55:36 PM

Sunday, March 23, 2003 8:55:36 PM

Post# of 432962
Jaykayjones " these shorters have the incentive to try " yes they do, the first wave of momentum has been turn back somewhat. The day traders and the MO players for the most part have taken their profits out. Why some have mentioned the MM for the fall and deep pockets IMHO there is a little more to it.

In any event these short spikes normally don't last for weeks at a time regardless. The NAS DOW and S&P are close to over bought. There is still a little room left but not a lot. We seem to follow the NAS fairly close if you blend in the beta of IDCC. My concern then would be what are the markets going to do. The late week rush concerning the war, the falling oil prices and other related events have past. I have a concern on how the next issues concerning the war will be viewed by the street. And I think that will be the driver of this next week.

I do think it will demand attention

Just an opinion

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