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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 652.53

-1.5%

Nov 20 4:00 PM EST

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To: HairBall who started this subject	8/14/2001 4:57:12 PM
From: t2	Read Replies (1) of 99985

"Janus Cuts Some Tech Funds for Safe Bets" That is the headline from the story below. Just more reason to believe that we may have hit bottom (or are very close)in technology. Just one of many factors I am watching but this is certainly a key contrarian indicator IMHO. May not matter much in the near term but if by chance the technology stocks show an uptick in business, we should see some nice rallies; In the meantime, not much excitement in the market; certainly not a market to place any big bets either way. Analyst's bullish calls not helping the tech stocks is not a good sign. biz.yahoo.com

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