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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.47

+0.6%

Nov 28 4:00 PM EST

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To: HairBall who started this subject	3/10/2001 9:52:59 PM
From: gfs_1999	Read Replies (1) of 99985

Techland now needs what BB is suggesting at least 5 days of panic so that longtern investors can put money to work at safe prices. IMO everybody know that Q1 tech numbers will be very weak, all leaders already warned. Now lets look ahead, Q2 outlook: Fed easing more 0,5% due Q1 fiasco and Argentina and Japan problens. Oil prices at 25-27 So from now until Q1 numbers the market could reach a real bottom. The most important now is listen what companies will say about guidance. With Fed acting and oil prices stable investor will bet for a possible recover for the next Q2. What we are seeing now is companies saying to FED that things are not good, every news I read about job cuts sounds me at least 1,0% rate cut. I think it remember 1997. The real Bear Market is in High P/E Techland due growth expectation peak, these week I sold BA and MO that I bot just for hedge my QQQ position (thks to James Cramer)and contrarian to O'Neil who says to sell the weak stocks . Just holding some QQQ 62(@#$!@) and GX (%$#@!!). I think investors (me too) stayed too focus trying to find a Nasdaq bottom that lost boring stocks uptrend. IMO when a real rotation out of Tech stock into AA,IP,MO,CAT......begin will be the time to buy Tech again. Regards GFS

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