MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

+1.0%

Nov 21 4:00 PM EST

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To: t2 who wrote (76800)	5/10/2001 7:32:32 PM
From: American Spirit	Read Replies (2) of 99985

Very possible but we have 2 sessions left before the cut. If there is no rally into the cut then ironically instead of what everyone's expecting, a tanking after the cut, then it will rally after the cut. Often the market foresees the obvious and acts against that thus making events non-events. In that case, this is the best time to buy. Still I can't agree that shorts will not feel nervous holding positions into a rally. This is setting up to be a short squeeze nomatter what IMHO. Either by Tuesday or right after. Hmm. Well I suppose we all have to adjust our thinking to the realism of the situation. In the meantime tech prices are looking awfully juicy, at least some of the ones I like such as AAPL, WCOM, PALM and so forth.

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