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

To: Stephen who wrote (55448)	6/27/2000 11:21:00 AM
From: Tunica Albuginea	Respond to of 99985

Stephen agreed, after FOMC meeting and July 4, we will be facing a future of a contracting Economy. Add that to the end of Q window dressing and Institutions may start dumping head over heels. I did that already last week and I am now waiting for the big guys to catch up with me.................. Takes a while for them to move when you are so big................<vbg>...... TA Message #55448 from Stephen at Jun 27, 2000 11:13 AM ET Why not rally now ... ?? Well ... there are times to be cautious and with earnings warning period upon us, I won't be holding positions at end of day. Anyway, there is traditionally a 'rest' period between the summer tech rise... and despite the ramping-up of the market yesterday (normally I would have gone short based upon my intradays) ... , I see no reason why the market won't retreat on profit taking once qtr end & the FOMC meeting is out of the way. JMHO FWIW.. as many expect it to take-off after the meeting. We'll see. Stephen