MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 686.96

-0.1%

Dec 30 4:00 PM EST

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To: t2 who wrote (76649)	5/8/2001 12:15:44 PM
From: American Spirit	Read Replies (3) of 99985

Many techs basing back to last Friday's lows as if getting ready for another rally. If CSCO gives OK guidance we could see a nice rally last half of week going into the Fed meeting. Obviously with 3 neutral blah days in a row there is some basing going on and bears have been unable or unwilling to stage any kind of sell-off. After tomorrow no one's going to be selling or shorting except into a new rally.

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