MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 687.96

+0.5%

Dec 23 4:00 PM EST

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To: Doug who wrote (66608)	1/11/2001 5:31:32 PM
From: el paradisio	Read Replies (3) of 99985

QQQ didn't sell too much after HWP and GTW...I was expecting more... I think,the rate cuts are coming a little too late for the slowing economy. The damage was already done and it will take at least 6 month to see some recent recovery. In the mean time the market should hold the trading range, until the economy will prove to go in either direction. If the economy will show the further weakness..the market will correct more. For the the mid term (3-6 month) I expect to hold the recent low on Nasdaq, with QQQ trading range around 54-66. el

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