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Stoolie Market Poll For February 2003


Where will the SPX close on February 31, 2003  

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I picked 840. No hedging. We go UP from here for a while [noise like the weapons inspectors in Iraq being given a little more time and the nasty earnings guidance noise over with] and then rolling over and starting a nice descent into the end of the month. Basically we end up just a little lower than where we are right now. March, on the other hand, I would think just grinds lower all month to a rather nice low point well down from here.

 

I would expect mid-February to be a SWEET short entry and put buying [and selling covered calls] opportunity extaordinaire. But only if stoolies have the good sense and fortitude to TAKE PROFITS at the end of March, approximately.

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OK, Stoolies, take your best shot. Poll closes Monday, Feb 3. State your case below.

Voted for 800!

 

If I understand Anals correctly, we should be in 10-13 week bottom zone at

end of February. 800 being round number will be defended just like 8000

was defended at end of January.

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810, and if I'm right all Stoolies can come to my house on February 31 to celebrate!

 

Short term Dover Sole, leading to a small bounce for maybe a week. Then a steady drop off to the end of February due to (what else) war and economy fears per the media - but actually because, as Doc says, the FEED holding back from monetary growth due to worries about the US$.

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