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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 672.04

-1.7%

Nov 13 4:00 PM EST

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To: Les H who wrote (63557)	12/2/2000 11:35:00 AM
From: Michael Watkins	Read Replies (1) of 99985

Les, Thanks for noting the INTC retail buying on Friday. I look at the chart, I look at the ameritrade buying index, and I can't understand. Doesn't compute! INTC plunges and they are buying. Maybe there was a whole bunch of retail investors covering shorts LOL! If it really is new retail money soaking up shares, buy the dip remains a strong conviction and my gut non-chartist feel would remain that more portfolio crushing is required before this is over.

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