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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Cathedra who wrote (36596)	1/4/2000 3:18:00 PM
From: Doo	Read Replies (1) \| Respond to of 99985

500 points? That's well below my support on the DOW which will likely be hit on the open tomorrow. Same with the SP. It's the Nas that's gonna tell the story, and if it breaks (3500 on the NDX), that will signal a change of significance, IMO.

To: Cathedra who wrote (36596)	1/4/2000 4:19:00 PM
From: stockycd	Read Replies (1) \| Respond to of 99985

Tom, I other words, short the rallys!!! I covered today but will set short limits at all these gaps created today and by the end of Jan, reap the reward. Chris

To: Cathedra who wrote (36596)	1/4/2000 5:42:00 PM
From: American Spirit	Read Replies (2) \| Respond to of 99985

Market going back up. And here's why. Number one, the first few days of last year were similar in nature (profit-taking for tax reasons) though not so severe as today. Secondly, all my dogs were up or even today (tax-selling over). Third, economy, inflation, earnings couldn't be much better. Fourth, Fed hike now priced in (heard that twice today on CNBC). Fifth, tons of cash on the sidelines. Sixth, no Y2K problems afterall. Sixth, all of my stocks have excellent earnings or stories so I expect they will be much higher sooner than later. Seventh, not all sectors have even particupated in rallies (drugs, financials, cylicals, box-makers, DD stocks, real estate, etc.) Eighth - today was a climactic crash day the 4th largest in history. Panic or not it = a one-day crash and every such crash I remember has been followed by a violent sharp recovery of at least 50% usually the very next day. Ninth, all it takes is one credible Big Cheese on Wall Street to proclaim the selling is done and cash will jam the circuits trying to get back in. Where I'd put my money? BEBE for one. Most oversold winner there is after today. And then OLB's, drugs, computer stocks, DD's, ISP's, cylicals, you name it. In other words, this market is almost nothing but bargains now with the exception of a few high-fliers which are not yet showing profits. Those I would be cautious of, though will eventually recover sharply as well. In other words, BUY if you have any cash left. I don't after today.