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


To: Tunica Albuginea who wrote (53230)6/7/2000 4:08:00 PM
From: American Spirit  Respond to of 99985
 
Tunica, thanks for repeating my post twice. Was all ready to buy into a sell-off this morning and there was none. Just as well as I'm already margined and almost fully loaded. Had a great day as I hold lots of IBM. I have a feeling though that despite the 8+ gain this computer sector has a way to go. And if the computer sector leads this summer a lot of peripheral sectors should follow. Actually sox led but they're pretty fully priced already.

Fearless prediction, we lead into the 4300-4400 range on the Naz before hitting a wall. That's about 11% from here which is right on target for me. Also if the Fed doesn't raise again retailers and financials should rally. Could be a good summer, at least the first half of it. But there's always tomorrow. And gas prices are climbing. Hmmm.