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

To: Mike M who wrote (65267)12/26/2000 5:21:23 PM
From: KevinMark  Read Replies (2) | Respond to of 99985
 
If your waiting for new lows, just don't hold your breath. Shorts had their opportunity to get out today. It's going to get nasty for them during the next 2-3months. 1000 point rally minimum, before we turn back and retest. Look at some of the heavily shorted issues today, and you will see they had a TON of short-covering today. Saw a 2.5 million block buy on the QQQ's on Thursday. Don't think anyone would be investing that kind of $$$'s if there was a possibility of going lower. See you at the top!

KM



To: Mike M who wrote (65267)12/26/2000 10:25:42 PM
From: Gary Burton  Read Replies (1) | Respond to of 99985
 
MikeM--On the fence at present -index wise...am long about 45%---we will likely flirt with trying to break up through downtrend lines before we correct and retest. Taking it a day at a time--say 60/40 no new low


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