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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 660.08-0.8%Nov 18 4:00 PM EST

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To: pater tenebrarum who wrote (15655)6/2/1999 6:47:00 PM
From: American Spirit  Read Replies (1) of 99985
 
Growth stocks very oversold and overdue for a rally. The past two weeks has been one big selling climax IMHO. ALmost nothing has gone up for more than a day. All because of inflation fears which IMHO are overblown and already priced into the market. I don't believe the Fed will or should do anything. Gas prices are coming down. That will bring other prices down. The war should end soon. We are due for a summer rally and I'm beting on it bigtime. Bought today near low mostly nets, drugs, techs. It was a firesale. Holding now for near-term rallies, trimming off as we rise. Thank God May it over. Remind me next year to divest completely in April.
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