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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 686.96-0.1%Dec 30 4:00 PM EST
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To: HairBall who wrote (79082)6/20/2001 2:48:36 PM
From: t2  Read Replies (1) of 99985
 
LG, Thanks. I guess one just has to look at the components of the NWX. They are hitting multi-year lows. I am planning to play a bounce in the entire sector within a week and right into mid July.
...because the selling has been relentless in recent weeks and we are approaching quarter end AND mid year end for mutual funds.

That is the only good reason to buy the group (for a trade only). However, it may be a very important reason as well.
Fundamentals are still lousy.
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