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: KymarFye who wrote (68880)	2/10/2001 1:28:23 PM
From: JRI	Read Replies (1) of 99985

Would love to hear your picks, then, Kymer...let's assume we do rally after a down Monday open... I agree the charts scream down in those stocks....but they have for a while....the dangerous (now vs. month ago) is that they are now below their DMAs....and I guess classical trader wisdom would be to short things below, not play uprallies....still, its clear that these stocks do move big when the Naz moves up...much more than many other stocks (on a % basis)...of course, some/a lot of that is short-covering.. Right now, I am thinking a partial Monday- Tuesday close rally max....I am concerned about AMAT's earning/forecast on Tuesday afternoon (Dell/Hwp also report next week...I think Dell on Tues. after too)....I suppose the rally could go a bit longer, but I'll probably only try to play the fat part, and wait out the rest...will see what the day brings... Would love to see your picks...thanks....(as much as I spoken about this "potential" rally..we better damn get it)..

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