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

To: Saulamanca who wrote (59980)10/6/2000 2:06:05 PM
From: Saulamanca  Read Replies (1) | Respond to of 99985
 
Rumors circulating that MSDW High yield trading desk is going to report huge losses attributed to the underwriting telco debt. The co-head of HY trading either resigned or was forced out.

Morgan denied the rumor.



To: Saulamanca who wrote (59980)10/6/2000 2:29:10 PM
From: el paradisio  Read Replies (2) | Respond to of 99985
 
Jim,agree...NYA has the best chart in comparison to NAZ,but this bearish long candle means MORE TROUBLES ahead...
Hope,I am wrong.
We may get some bounce up in the end of the day...I don't like short positions for the weekend...
I believe,Abby Cohen will stand up once again for technology stocks this weekend...she was a trigger for March meltdown,
she did rescue NAZ in Oct 98, she already said,that NAZ is oversold.
el


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