MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 691.88

-0.3%

Jan 30 4:00 PM EST

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To: gc who wrote (73178)	3/24/2001 12:51:10 PM
From: Math Junkie	Read Replies (1) of 99985

I presume you're referring to the way that CSCO stopped participating in the rally half way through, and that you are assuming this means that someone knows something we don't. www2.marketwatch.com Point and Figure is calling it a double bottom breakdown: stockcharts.com Volume was considerably higher on Friday than on Thursday, but still well below average: chart.yahoo.com According to the right-hand column, CSCO was one of the top three stocks holding the Nasdaq 100 back yesterday: quotes.nasdaq.com The drop on Friday appears to have been caused by analysts cutting their estimates: etrade.com@NEWS-P1&NewsWire=SF Since that news is out, could one argue that the bads news is now priced in?

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