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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 689.52-0.3%4:00 PM EST

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To: Casaubon who wrote (69748)2/20/2001 6:06:13 PM
From: Chuck Williams   of 99985
 
I saw some real weakness in some sectors, which caused me to pull the trigger several times today. My "Alamo" was a calculation of a 100% Fib retracement from the recent highs. I will hold my positions until... until Zeev sells ;-)

It is noteworthy that not many big players (sans Oracle edit: and oops, CSCO) came even close to my magic numbers, but a lot of network stocks did (some even went under intraday). The bios held up extremely well today also, so haven't picked any of them (yet).

So... I guess we'll all wait and see. I think EXTR, SSTI, etc. are all done falling hard (EXDS at 14!?!). JDSU was buoyed today. The other sectors have yet to fall, perhaps that will happen later this week. BWDIK.

Chuck
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