MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 691.72

-0.1%

Jan 16 4:00 PM EST

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To: Crimson Ghost who wrote (53067)	6/5/2000 8:41:00 AM
From: American Spirit	Read Replies (1) of 99985

I expect a 1-2% Naz profit-taking dip then to hold onto most gains from last week and steady. By tomorrow I'd expect to see renewed buying. Telcos and wireless are not going to be held down and they are the leaders. I especially like beaten down telcos (Baby Bells, T, WCOM, FON etc.) for their relative safety. QCOM held $70 in Europe. It will probably hold $64 in the US. The China story makes for negative headlines but is really not as important as one would be led to believe. And QCOM has already fallen so far with so much. Ditto MSFT. There will be nervous trading in those two but both greats buys on dips IMHO. Good lucky everyone. You pick 'em.

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