MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 685.66

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Dec 5 4:00 PM EST

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To: t2 who wrote (80259)	7/15/2001 11:54:48 PM
From: American Spirit	Read Replies (1) of 99985

I'd say we're in for a sizeable short squeeze and some recovery-minded optimism. Time is on the side of the longs now as we get closer to the end of this bust cycle. Expect Greenspan to cut down to 3% if necessary. Also expect technical value rebounds in many of the most downtrodden. In other words, there's some money to be made here. Maybe no big rallies but just firming up and gradual recovery. Lots of earnings coming out this week. I also wonder what energy stock earnings will do to their now-depressed stocks prices. Got to be huge windfalls.

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