MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.91

0.0%

Nov 14 4:00 PM EST

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To: bobby beara who wrote (73359)	3/27/2001 8:40:37 AM
From: Casaubon	Read Replies (3) of 99985

BB, the only bull case I can make is all the money sitting in money market accounts. I have all kinds of bottom reversals on biotechs, but have not been able to pull the trigger. After IMNX blew up, I got the heeby jeebies. Maybe I'll just wait for the ramp to be over and play the bear side off of major resistance. It may just be hot money moving into the bios to avoid the opticals and other imploding tech, but it really looks like a lot of short covering. There are a lot of put options out on these things.

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