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IRA EPSTEIN & COMPANY 223 West Jackson, 7th Floor, Chicago, Illinois 312-207-1800 (March 11, 2002) STOCK INDICES: S&P 500--While still bullish on the S&P 500 market, I believe that the rally we have seen since the end of February will end this week, in the 1182 area. I would look for some kind of topping action this week especially if we move this high and expect a pullback to 1125 over the next few weeks time.
RECOMMENDATION--My recommendation this week is to sell the market on a rally to 1181, if possible. I would not recommend a risk of more than 10points and would attempt to trail a stop down to the 1125 area.
George Skirha
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