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Strategies & Market Trends : MDA - Market Direction Analysis

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To: eichler who wrote (78751)	6/14/2001 11:28:50 PM
From: DlphcOracl	Read Replies (2) of 99985

eichler: My point was, I believe we are still in a temporary bull market in the middle of an ongoing bear market that will fully manifest itself in Q2/Q3 next year. The market selloff this month is entirely predictable, due solely to earnings warning season. When this is over by the end of the month, this will be an excellent (but short-lived) buying opportunity for the NASDAQ. July earnings reports from stocks that haven't warned, the specter of the five Fed rate cuts beginning to affect the market in September, and the $41 billion that will be returned to investors this Fall as part of the Congressional tax package will all propel the market higher in July and August. Just my opinion, but that's the way I'm playing it. In summary, NASDAQ will NOT retest April 4 lows this month. I would consider NASDAQ 1800 a gift from god. DlphcOracl

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