MDA - Market Direction Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MDA - Market Direction Analysis

SPY 694.04

+0.7%

Jan 9 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: HairBall who started this subject	4/30/2001 8:52:43 AM
From: t2	Read Replies (2) of 99985

Nasdaq should break past the recent high on the Nasdaq this week and march towards 2300. The news on the economy is getting much better and mutual funds will be less reluctant to buy technology. The company news has been improving as well. Shorting by the "smart money" is a also a good indicator. As mutual funds keep buying thanks to large cash positions, the short covering should be in full force within a week or two. What separates this market from the one of the last 3 months is that mutual funds are going to be big net buyers. That will show up in the technicals soon enough.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next