MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 662.72

+0.4%

Nov 19 4:00 PM EST

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To: t2 who wrote (76375)	5/2/2001 3:27:32 PM
From: American Spirit	Read Replies (2) of 99985

When the last tech shorting addict capitulates that will be the short-term top. Hasn't happened yet. Although it's beginning. When it does happen I'll go defensive for awhile. But I won't short techs this year. The 2nd half recovery is very likely, fed cuts will have a magic effect and IPO's and consolidation can also fuel more rallies. Like I have said before I expect every single tech to double form its bottom and for micro tech to triple or quadruple. By 4th quarter that is. Given what we are seeing now that is not a very speculative prediction.

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