MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 670.92

+0.1%

Nov 7 4:00 PM EST

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To: Zeev Hed who wrote (69779)	2/20/2001 11:15:56 PM
From: bobby beara	Read Replies (1) of 99985

zeev, i agree on that post tax loss selling, but a lot of the stuff that bounced on tax loss selling in the naz is junk, covd gave up big today, i think we could see some more of that stuff give it up. there is still a boatload of listed junk on nasdaq that was put there because of the boom ba dumba. also i think the nyse is rolling over here, and i'm unsure whether there will be sector rotation or we will get a total flush to put in a bottom. today the rydex #.s approached the jan 2 #.s and rydex otc made a new 52 week low, we are close i think to a rally in naz, but i want to see a gloom and doom newspaper headline or biz week cover -g-

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