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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 683.00+0.2%Nov 11 4:00 PM EST

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To: eichler who wrote (79551)7/6/2001 10:39:05 AM
From: Zeev Hed  Read Replies (1) of 99985
 
One of the reasons I had an early July rally was the possible lull between preannouncements and actual earnings, but AMD killed that deal, I think that actual earnings may be accompanied with lack of future visibility, strong dollar and weakening Europe and Asia, so I expect a more or less constant pressure. I did jump in here with slected position for a lunch bounce because the trin and tck have become excessively pessimistic, but Ii doubt that is enough to turn the market, just a mild raly, IMTO.
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