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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 670.92

+0.1%

Nov 7 4:00 PM EST

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To: Temple Williams who wrote (74463)	4/21/2001 5:29:12 PM
From: Mike M	Read Replies (1) of 99985

Temple I don't know if your prediction of the recent move was predicated on the expectation of a Fed cut before May but I assume not and am interested in your thinking at this point. It would appear that the "possible" second rally has yet to materialize but is due this week. You had stated that if the market consolidated after only one run, cash SPX would drop as low as 1000... Given the impact of the Fed action, are you considering less of a drop or are you still looking for at least 1030... Thanks, Mike

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