John Hughs Rally Quotations

I think when you look at the rally last week, the behavior we're seeing from the market today is pretty constructive, ... We're digesting the gains from last week, and if historical trends prove right, we should close the week a little higher. Technically and objectively, the market is doing everything it can.

President Bush's speech relieved some fears that war is imminent, it boosted the overseas markets and gave us a little short-covering rally at the open, but I'm not that impressed. There's nothing behind it,

The question is how far can this particular rally go?

You had a pretty good day yesterday -- there was broadness in the rally and good volume, ... We're taking a day to fill in here. Things still look relatively positive, it's just consolidation or a rest after yesterday's action.

There's not a huge rally building now, but we've seen a little pattern in the past few weeks of rally, scale back, and then continue, and we may see that again,

It's finally something that you can hang your hat on, ... I think the one-day rally always is more impressive to the average person, but people should be more impressed with the last three days.