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

To: eichler who wrote (66264)	1/8/2001 5:03:55 PM
From: KevinMark	Read Replies (1) \| Respond to of 99985

Just as I expected, analysts would lower estimates SO LOW, that companies would not only hit the #, but beat the estimates, IE ITWO. But, investors will not want to hold anything going into next quarters earnings, therefore, a combination of earning's worries, tax selling, and lock-ups, the next wave of selling will reappear. The MACD on the 10 year COMPX says it all with a value of -228.5. That's not going to last forever. We are due for a 2-3 month rally, then another pull-back and retest on the MACD. Today's volume should have been a sure sign, that the selling was over for the short-term. All it took was one-two companies making their revised #'s for this short-term bull party to officially get under way, and we got that in A/H's. See you at the top! KM