Market Sense and Sentiment

[was Steve]

HI Bernard, my thoughts
steve

Short term view: 4/2/03 evening update.

from last week:
(highs were to be in by no later than april 4th.
I have scaled these back to 1122 for ndx from 1155, 1425 from 1467 and 913 from 925. I am starting to think that not even these will be met. Today is pretty key.)

modifications to last weeks notes:
whomping rally today. sure wish i stuck around in my long fund. Apr 4th is still reasonable, but it may need to be extended to the 9th (3 more market days) just to be sure. i am fully expecting another big rally day on friday. tomorrow(trs) should be pretty small candle (small up or down). we may bouce around a bit after next big rally on friday or head straight down. in case we fart around at the highs i have allowed until the 9th for this. no reason top couldn't be in by fri close though.

as for targets, i am ratcheting ndx down a bit more to 1110 and spx to 910, but raising nas to 1435.