MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.91

0.0%

Nov 14 4:00 PM EST

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To: Les H who wrote (67493)	1/23/2001 10:43:57 AM
From: Winston Lee	Read Replies (2) of 99985

Market's shrugging off all bad news - DELL, TXN, etc. ... and then there are some stellar earnings - OPWV, EMC, CHKP, etc. AG will cut another 50 bp, making a full percentage decrease in less than 30 days and probably more in the future. After NAZ broke through 2700 resistance, it's consolidating its gains before the next move up. Add in money on the sidelines, bullish technicals, bursting of the bubble and destruction of companies with no business plan (ETYS, etc.), unprecedented shorting by individuals and decreasing shorting by institutions .... All I see is buy signals all over the place.

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