MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 14 4:00 PM EST

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To: Tunica Albuginea who wrote (55445)	6/27/2000 11:14:00 AM
From: Stephen	Read Replies (1) of 99985

Why not rally now ... ?? Well ... there are times to be cautious and with earnings warning period upon us, I won't be holding positions at end of day. Anyway, there is traditionally a 'rest' period between the summer tech rise... and despite the ramping-up of the market yesterday (normally I would have gone short based upon my intradays) ... , I see no reason why the market won't retreat on profit taking once qtr end & the FOMC meeting is out of the way. JMHO FWIW.. as many expect it to take-off after the meeting. We'll see. Stephen

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