MDA - Market Direction Analysis Message Board

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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: eichler who wrote (80722)	7/22/2001 4:31:23 PM
From: t2	Read Replies (3) of 99985

eichler, I will second that. I have read a lot of very interesting TA posts this morning. My TA crash course is going very well. Kymar's view is also what concerns me near term about the market after watching the last couple of months. Not a "normal" market reference in particular. Lots of tech insider selling is a good possibility right after earnings and I doubt these people are going put their funds in equity portfolios to the same degree as they would have done in the past. A more likely scenario is for these super rich tech insiders to put more of this money into bear or hedge funds than in years past....because they know how bad business really is. Therefore, general mutual fund inflows may become meaningless and insignificant in this environment. Why Naz did not break out to higher levels is what got me re-evaluating my position as most experts believe that buying 6 to 9 months ahead of an economic recovery is the ideal time. Question is: why are the big funds (or retail tech investors)not buying now? That has been a mystery to me and there are many possible answers....but that is basically the reason for my caution of late and tendency to short a little more in my daytrading. Monday is going to be very interesting. The talk out of OPEC is not a positive for the markets (except energy). Naz not rallying on huge drops in energy prices recently was also puzzling. btw-Lots of beaten up energy stocks to choose from. That has been part of my stategy since mid last week.

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