MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 662.72

+0.4%

4:00 PM EST

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To: American Spirit who wrote (76311)	5/1/2001 3:28:50 PM
From: t2	Read Replies (1) of 99985

A.S., Interesting story about the beaten up internet stocks and internet "incubators" on CNBC. Rallying big today! Given how the internets are moving up, it is no suprise that the Nasdaq blue chips and midcaps will have decent gains. If investors/traders are willing to buy those names (probably also heavy short covering as well), it makes sense the same would extend to the rest of the Nasdaq. Buying of the most speculative sector of the Nasdaq (dot.com) is an extremely bullish indicator to me.

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