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


To: Gary Burton who wrote (64991)12/21/2000 9:39:24 PM
From: Surfer  Respond to of 99985
 
Gary, I don't know whether any rally can sustain for more than a week. What makes you think that rally will sustain for a month? Do you think, Nasdaq 100 (qqq) components like JNPR, PMCS, BRCM, VRTS, etc. will see above $135 or so and sustain it? Can SMH hold above $60 or so? Can AMAT, SUNW, INTC, etc. go above $40 or so and sustain it? Can CSCO go over $50 before end of Jan. and sustain it? Did you see BRCD and JNPR dropped so fast today in the afternoon with less volume? I felt MMs are not providing liquidity?

I'm confused as usual. Trying to figure out what the market is telling. Better figure out fast before it takes me to the poor house.

Thanks.

P.S. Like you said that Fed won't lower rate before 1/31/01 meeting, Business Week says the same as "moral hazard" in the link below:
businessweek.com