MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 672.07

-1.7%

4:00 PM EST

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To: Eurobum1 who wrote (75944)	4/25/2001 2:44:52 PM
From: American Spirit	Read Replies (1) of 99985

Still in gradual rally mode into May though today is a digestive day. Mixture of profit-taking, positioning, sector rotation and various gyrations. My take is we're firming here and 2000 Naz is quite low. I still expect big telcos and little tech dogs to out-perform. CSCO, SUNW etc are not the leaders now. Therefore the Naz itself can be mis-leading. The next news is the WCOM earnings which should be okay. Once we get these earnings out of the way we'll be clear for a modest take-off again in many sectors. Just pick your targets wisely and you'll do fine going forward.

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