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

To: craig crawford who wrote (66139)	1/7/2001 12:25:25 AM
From: American Spirit	Read Replies (5) \| Respond to of 99985

Naz will not dip below 2400 or so again any time soon. 3000 is easy though. Every bit of bad news and negativity is well priced in. There will be bno negative earnings surprises. Who would be surprised? There is no air left in any of the bubble stocks and high-fliers. There are no high fliers left. Well maybe a few arguably if they disappoint badly but basically all major techs are down an average of about 60% and the Fed's going to keep dropping rates until the markets are going up again. That is because the market IS the economy these days and too much luiqidity damage has already been done. I expect Greenspan to surprise everyone by being much more aggressive than ever before. I expect a 2 basis point drop by spring at least. Money will be cheap again. I also expect maybe one more dip then basically upward movement. and I believe anyone who sells or shorts for example SUNW below 30 is a fool. It can spike back to 35-40-45 in no time at all. Telcos are safe bargains. Anything internet is a steal unless it's going out of business. Because eventually they will multiple in price. I know many day-trade and try to catch every mood but moods change on a dime. I'd much rather be long here though conserving some cash to pay all the bills. We could easily be 30% higher within a month opn the Naz. Easily. And those who are gtreedy on the short side get ready to get burned just the way longs were last spring. Want to double your money easily this year? Just buy LU, WCOM, IFMX, FON, AAPL, INTC, YHOO, SUNW, etc. Most of them will double IMHO. All will be up 50% at least sometime this year. The list of probable 50% returners is longer. ERICY is one I like now. basically I will feel quite safe buying on any dip Monday, not that one needs a dip here to feel secure of profits in 2001. But to feel secure about a profitable short now in any tech? very risky IMHO. Maybe if you're lucky and fast to cover.