MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.93

0.0%

Nov 14 4:00 PM EST

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To: Winston Lee who wrote (67506)	1/23/2001 4:14:26 PM
From: Winston Lee	Read Replies (2) of 99985

Sold all my CHKP @ 156+ to lock in gains. I sense a topping action on this stock ... the money movement has become vicious - from Treasuries, utilities, defensive issues to certain high-tech leaders (CHKP, EMLX, BRCD, etc.). If the opticals meet earnings and do not give negative guidance, they may be the next to soar, with the high-tech leaders selling off somewhat. The bond market selloff is very good for stock market ... maybe the economy is not as bad as everybody thinks.

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