Barrons Market Watch
November 17, 2003 Issue

Jon Erdner,
Founder & Ceo
ITS Asset Management, L.P.

Technically, the market is at a place where it could undergo some temporary weaknesss in the form of a correction back toward... 50-day moving averages. This is normal behavior--two steps forward and one back in bull markets. A 10% pullback is not unexpected at this time, especially since short cycles are over extended and appear to be topping out. The bull market remains intact, as long as weekly and monthly higher highs continue and momentum remains positive. An excellent buying opportunity, to open new accounts or add to existing accounts, could occur in the next week or two, then look for new highs before month end.