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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 670.97+0.1%Nov 7 4:00 PM EST

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To: 10K a day who wrote (75163)4/17/2001 3:24:59 PM
From: Robert New  Read Replies (3) of 99985
 
Disappointing not to see more of a selloff after the CSCO report. No doubt that Chambers gave warning of this with his public statements however the magnitute could have not been known by most. Nevertheless I will take it as a positive that we are treading sideways on light volume after the runup last week on much stronger volume.

Still looking to accumulate in the software and storage sectors on weakness.
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