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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.93

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Nov 14 4:00 PM EST

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To: eichler who wrote (77112)	5/16/2001 8:18:41 PM
From: t2	Read Replies (3) of 99985

eichler, The lead into tomorrow is looking good. HWP did much better than most would have expected. IMHO, it is a buy on any weakness...great value...and not just a PC company. Maybe American Spirit was on to something.<g> In addition, there is some word on a positive announcement from Intel coming tomorrow. If the 3rd factor tomorrow morning..which is Ciena's earnings before the open is good and outlook is not "cloudy", it could be the makings of an incredible rally in the morning. The techicians will be pointing to the DOW 11,000 as some sort of breakout and make a case for going long. In the short term, tomorrow afternoon is going to be tough to call in this options expiration week. Might be a good idea to sell into strength and come back later....have not made that decision..which is a function of how much the market gains (if any) in the morning. However, still planning for a strong morning on the Naz. My original timetable was to sell Thursday AM that I had mapped out for myself earlier this week or the past weekend. Decisions to be made....I guess I have time to think about it. ---------- btw--thanks for the compliment; so far been on a good streak since late March but any day I am going to screw up; I just hope I have less on the line in risky trades when that happens. I was also thinking about Boplicity's comments that the market is expected to go nowhere..boring market with low volume. Then it occured to me..that seems to be a common expectation and therefore if everyone expects it...it probably won't happen that way.<g>. Under a slow moving market idea, there was no way the Dow could have cracked 11,000 so easily today. Volatility seems to be here to stay.

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