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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 682.91

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To: el paradisio who wrote (70950)	3/2/2001 4:19:59 AM
From: Psycho-Social	Read Replies (3) of 99985

Oracle Profit Warning: Finally, the last hold-out among the ex?Nasdaq leaders has admitted that its being negatively impacted by the capital spending slowdown. The flow of Tech news has been totally negative, as measured by my Nasdaq/Tech Business Sentiment Index, for about 2 weeks now. It's just about at a point where it can't get any worse, from a sentiment standpoint. While I'm not trying to make a precise timing call, it will be difficult to push the Nasdaq down much further, now that its last "horseman" is being beaten down.

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