MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 670.92

+0.1%

Nov 7 4:00 PM EST

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To: TWICK who wrote (81087)	8/1/2001 10:45:42 AM
From: t2	Read Replies (3) of 99985

The summer rally is here. I am not looking for an April type of bounce but we should get a significant rebound that lasts for a few weeks. Merrill Lynch upgraded the semiconductor and semi equipment stocks....basically calling the bottom on the sector. Priceline did well in their earnings. Rally should also get a nice boost from short covering in the entire Nasdaq. (short interest at record levels)

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