Is This The Top (For Now)

egotraitor · Mar 18, 2003

With kudos to Corso for starting this subject, what is the consensus?

opm8 · Mar 18, 2003

It will definitely move! One way or the other. It can go down OR IT CAN GO UP!!! It can even trade in a sideways action. Or it might not move at all. You can take that to the bank.

--opm8

prox · Mar 18, 2003

Just fade whichever answer gets more votes.

(i picked #2)

egotraitor · Mar 18, 2003

Anyone who says too far too fast has a limited view of history.

Pabst · Mar 18, 2003

Looks a lot like Oct-Mid Dec.

TheCaracal · Mar 18, 2003

If you look at all these crescendo sell-offs and subsequent V moves, and talk of bear market ending rallies..then 25% lo-hi is your standard move

9/01 945-1180..25%

7/02 773-966...25%

10/02 768-953.. 25%

3/03 789-986..25% (???)

Will it happen again?

Find out soon enuff.

Note: Not one of the previous rallies ended the Bear!

Best, David

dis · Mar 18, 2003

Except that the war rally has been well discounted. I suspect this is a garden-variety 10% wonder. For this rally to have legs, the market must be able to shrug off the ORCL blowout tomorrow.

white17 · Mar 18, 2003

Note that OEX has succeeded in closing above 440. Now if we can get VIX to close below 34 we may get a bit more to the upside.

sambatrade · Mar 18, 2003

Ontarion · Mar 19, 2003

Shorted ORCL, a real market sweetheart, in the face of a charging bull, and got out intact...not much gains, but what a thrill !!!