Spooz Slide?

February 12, 2002
Dave Landry

Each
evening we focus on the most interesting aspects for the upcoming trading day.
The comments are based on observations of the nightly updates of the Futures and
Market Bias pages. They are provided for educational purposes only and are not
intended to be direct trading advice. Also, keep in mind that these remarks are
made up to 12 hours in advance of the markets opening. Therefore, overnight
events may alter the outcome of these observations.

The fact that the March Nasdaq 100 (NDH2)
and S&P futures (SPH2)
appear to be stalling out in their rally from lows, combined with a TRIN
Reversal sell signal, suggests that the path of least resistance is now down for
these contracts.