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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.91

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Nov 14 4:00 PM EST

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To: el paradisio who wrote (69180)	2/14/2001 3:53:37 PM
From: Doug	Read Replies (1) of 99985

EL: Why is the SOX so bullish. This morning showed that Telecom service stocks are facing a credit squeeze. They should in due course pass that on the Networker who in turn will pass it on to the communication semis & PLD's. If the logic is correct why is it that the Communication semis who are at the bottom of the chain are seing a lift off. I sense some divergence here.

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