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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 662.72

+0.4%

Nov 19 4:00 PM EST

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To: Robert New who wrote (77217)	5/19/2001 5:36:01 PM
From: t2	Read Replies (1) of 99985

We've been seeing institutions step up in the last hour over the past 2 months and as long as this trend continues thats bullish. I was surprised how the market moved into positive territory on Friday. Did not think we could have closed positive on the Nasdaq on options expiration the recent past was any indicator. Those days that started down, generally stayed down in past months on expiration. It must have been real money was coming in to buy given the great opportunity presented by the traders on Friday...trying to push stocks out at certain prices. Monday should be a big up day, IMHO. Looking for good things next week. Now people are talking about how there is a news vacuum period coming up and expecting the preannouncements to start. Generally at such periods, the market usually drifts down. However, there appears to be a difference this time..and that difference is the possible move out of the bear market into a bull market again. Needless to say that even many bulls may be waiting on the sidelines to get through the warnings period. It may be another case of too many investors thinking the same way...and of course that means the market would be going up in this "warnings" period that we are about to enter. Who knows, maybe we won't really be getting too many warnings since most of the tech companies have set the bar so low that they can't miss! JMHO.

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