MDA - Market Direction Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.31

0.0%

4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: bobby beara who wrote (80289)	7/16/2001 10:47:20 AM
From: t2	Read Replies (2) of 99985

Looks like a good setup for a recovery in the Nasdaq today. It moved to the positive side just for a few minutes in the morning and has been struggling ever since. There does not appear to much momentum on the downside either and is good news. The early drop in itself means that there was a lot of skepticism on the market coming into today. A rally from here would probably convert some to the bull side (at least temporarily)...not losing the big gains of last Thursday. Going to be one interesting close. The action in INTC alone is something to watch. In and out of positive territory all morning. To me INTC is the big battleground between on the bulls/bears. If INTC does not hold up, it would be a bad sign for the bullish case and vice versa, imho. Intel moving to the mid 30s would be extremely bullish because it represents two key market groups...the semiconductors and PCs.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next