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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 686.96

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To: Haim R. Branisteanu who wrote (65584)	1/2/2001 2:22:33 PM
From: Stephen M. DeMoss	Read Replies (2) of 99985

Haim, I thought the cleaning of the books took place before the old year was up! First it was said the institutional selling is generally complete end of october, then we have it moved to last week and now they need one more day<G>! It seems to me that all of us, including institutions are all guessing. I have a good friend who got sick of it all and gave his sizable money to a professional with a good track record 4 weeks ago. That broker bought some of the good tech companies that Joe 6 pack buys ie. Jdsu at 70, Sunw at 40 etc. Look where those companies are now! Seems if one can hold on till those rate cuts come and the trend to change, we will recoup allot in a relatively short time. However, near term, it is tough visualizing better days! Good luck (we are back to our lows as I type!). Steve D.

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