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

To: dennis michael patterson who wrote (51034)	5/17/2000 7:05:00 AM
From: Jerry Olson	Read Replies (1) \| Respond to of 99985

Dennis ok no caps<G>...will we get below the April lows??? hard to say, but that event yesterday was at best the worse case senario... as for the coming cycle lows...i think there's 2 curves..the first lows are right here thru the 19th...if we move up from there it would negate that next low... thats curve 1, curve 2 is 2800/2900 area by next week... anything is possible...bnut i am short that rally yesterday hard..OEX & QQQ..i used June options... as for the techs vs the stodgys??? the old will not do well as rates slow the economy Dennis..i disagree here..tech is where it's at..quality tech tho..earning 30-50 per year... none of those "no earning" dot.coms<G>...that i used to love..and remember iof the tech is weak now we could tank here short term.. i like the bio techs and drugs... good luck..OJ