MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 691.72

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Jan 16 4:00 PM EST

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To: t2 who wrote (79414)	6/30/2001 11:21:13 PM
From: Ibexx	Read Replies (1) of 99985

According to Prudential, the end of June rebalancing of Russell 3000 shall have a significantly beneficial effect on tech issues. Relative weighting of the latter is expected to increase by a significant percentage (3-5%), and a similar effect will be seen with Russell midcaps, to a lesser extent however. ML's Osha has claimed that semis as a whole will see their trough sometime in the month of August - that's CYQ3 BTW, not CYQ4. By the time we clearly discern signs of business recovery, especially in the manufacturing sector, stock prices of tech issues will have increased by 30-50% percent from the current levels already, if history can serve as an approximate guide. Ibexx

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