MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 670.97

+0.1%

Nov 7 4:00 PM EST

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To: t2 who wrote (78612)	6/13/2001 11:32:31 PM
From: American Spirit	Read Replies (3) of 99985

Don't forget as rates fall so do money market rates so if there's 4% inflation you could actually lose money letting it sit in a money market account by the time the Fed gets through cutting. All the more reason why stocks will be the only place to get gains going forward (and maybe losses too of course). So then it's just a question of when earnings begin to recover and getting in before it's priced in. Or, as we're probably all doing, just trading the peaks and valleys. Really just a trading market now back and forth between Naz 2050-2150 and Naz 2250-2350 and I'm not sure that range is going to be broken out of in this sumemr doldrums period until next quarter. Reason being, you look at a fallen angel like NT now at $11 a share or Lu at $7.25 and you KNOW that sooner or later there's a profit there. Maybe even tomorrow morning. Bargain-hunting will therefore continue even with the most maligned stocks. And so will shorting into rallies. In fact the most beaten-downs may outperform substantially in any recovery, espcially the small cap dogs. On the other hand why buy them if thy're not at the bottom of the range? That seems to be where we are now. "Easy" money if this range continues and you play those tops and bottoms getting 10-20% each trade. PS - Can charts tell us anything in this back and forth market? If so let's hear from the chartists about where the support might be. Nobody really knows of course. All I know is I regretted not buying Monday then got another chance today so I bought. The thread master here doesn't want me posting unless I use charts. I say free all the threads but maybe I'll abandon this one soon. If so sayonara.

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