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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 690.31

0.0%

Dec 26 4:00 PM EST

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To: t2 who wrote (76617)	5/8/2001 12:31:45 AM
From: Boplicity	Read Replies (2) of 99985

I don't think we are about to see any explosive moves, in ether direction unless CSCO comes out with a hint of good news. I don't see CSCO or the market for that matter, going down much, maybe below 2000 as a little climax sell-off much like the climax up swing we just had on Friday. Just too much money waiting to get in that missed out on the initial rush off the bottom for the market to move down much from here. I find it a little unsettling that CSCO released the China news before earnings. Why not release the news after to support the stock on a better outlook? It looks to me that they didn't want the good news out of China being lost in the dust of a bad forward looking statement. Also, Chambers recent comments of a "U" bottom in the economy, seems like a hint to how Chambers views the world through his CSCO looking glass. B

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