MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 687.01

-0.1%

Dec 30 4:00 PM EST

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To: HairBall who wrote (79078)	6/20/2001 2:07:43 PM
From: t2	Read Replies (1) of 99985

LG, Have you done any TA on the networking index...NWX? It must be pretty bad. It drifts down lower and lower. How do you call a bottom from a technical perspective? I am taking the June quarter ending as a major washout simply because the fund managers will want this off their books ahead of June 30...semi-annual reports for mutual fund holders. Last 5 trading days of June may be the best time to buy for a bounce, imho. Sort of the effect we see at year end when selling of losing stocks intensifies...and later rebound in January. Expecting a similiar pattern in the first few days of July; quick gains opportunity.

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