MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.91

0.0%

Nov 14 4:00 PM EST

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To: chartseer who wrote (80978)	7/30/2001 12:08:37 PM
From: t2	Read Replies (3) of 99985

I agree. Market direction is up. At the very least downside seems to be very limited. Hardly anyone expects much of a near term bounce..all the more reason to get our summer rally! last week we had some positive news out of the semis. this morning positive comments out of Intel. Many wireless companies showing improvements. MSFT was weak all last weak and still the Naz still rebounded. That is a very good sign. MSFT looks stable at current prices and that should provide a bit more support to the Nasdaq in the coming weeks.

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