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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 671.910.0%Nov 14 4:00 PM EST

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To: Zeev Hed who wrote (77428)5/27/2001 1:00:25 PM
From: t2  Read Replies (1) of 99985
 
Zeev, After observing Friday's trading, what do you think about the Nasdaq?

A traditional rally day (as some have pointed out)leading into the long weekend did not materialize....which is supposed to be a setup for a drop next week.

I am questioning old patterns. Maybe under-investment funds (in tech) will probably be using the weak period (profit warning; news vacuum) to put their cash to work.

I can't get a feel for where the market goes this week. Maybe after Tuesday, we may see some hints of short term market direction.

The one thing that I am comfortable with is buying after the first high profile profit warning...Oracle possibly?
Buying right at the open on the following day.
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