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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 684.45+0.1%Dec 4 4:00 PM EST
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To: Crimson Ghost who wrote (67632)1/25/2001 2:44:22 PM
From: Doug  Read Replies (2) of 99985
 
George: Currently, all of us agree we face a COMPX downleg. Its magnitude depends on ones perception of Economic cycles and where TECHs place on that curve.

As the TECH's mainly depend on Corporate America, their upleg can only start when the market is sure that Corporate America is healthy and is cash rich to start another cycle of TECH buying.

That is certainly not tomorrow or next month.
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