MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 660.19

-0.8%

4:00 PM EST

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To: American Spirit who wrote (75156)	4/17/2001 2:07:45 PM
From: t2	Read Replies (1) of 99985

I guess you are sticking to longer term winners that will emerge as interest rates go down-the carriers like SBC. Agree with your approach. I also hold these types as long term investments. For now, I am going with what I believe will be a big reversal of downward "momentum" on the Nasdaq tech names. Contrary to what Pissani (cnbc) has been saying --that is there has been short covering. I think it is real buying now and short covering will kick in later when the short sellers realize what is transpiring. Right now they are still not convinced by the current rally..dead cat bounce is they probably think for the time being. Waiting for them to change their minds. That is when the rally should really begin.

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