MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 681.43

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4:00 PM EST

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To: American Spirit who wrote (76726)	5/9/2001 9:35:22 PM
From: t2	Read Replies (2) of 99985

We should get a nice 4 session pop now mostly up-up into the Fed cut. Anyone who thinks different should stay in cash or buy some of those new WCOM bonds. That was why I was a bit surprised that after the market recovered, it still went down by day end (Nasdaq). Maybe too many are betting on the same thing. That is why I am not as confident of a lift into FED meeting but the odds are still with the bull side, imho. We need the positive news from the tech world to help with that lift into next week. Afterhours has delivered pretty good news and that could be the difference. Another factor is the Euro bank decision tomorrow AM. If by chance they soften their tough stance a bit and actually cut (even 25bps), it could be a positive for European and US markets. Right now, investors are expecting nothing out of the Euro bank (sorry I don't know their exact name)...and that means we could be suprised...and the market reacts better to surprises than it does to anticipated events. Same applies to the UK bank. These are positives that are not factored into the markets but could provide the necessary boost. Still optimistic on a 4 day rally but I hope everyone is not playing it the same way.<g> That would be trouble and would lead the Naz to 2000 pretty quick. It is always a calculated gamble.....trying my luck with the odds.

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