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


To: Stephen who wrote (67000)1/17/2001 10:36:36 AM
From: Winston Lee  Respond to of 99985
 
Money flowing into high-flyers, out of Old Economy ... p/e expanding because Fed is cutting. Look at JNPR SDLI JDSU PMCS BRCM RBAK. INTC gave lousy guidance but it's up - definite sign of intermediate bottom. If ITWO EXTR and RBAK come out with good earnings, high-flyers will soar tomorrow too.

The Fed will ease aggressively and at some point inflation fears will resurface ... but that's a few months away.

NAZ 3,000 here we come!!!



To: Stephen who wrote (67000)1/17/2001 10:46:07 AM
From: Stephen  Respond to of 99985
 
I'm easing into my shorts ... fwiw !

Regards

Stephen



To: Stephen who wrote (67000)1/17/2001 12:54:23 PM
From: HairBall  Read Replies (1) | Respond to of 99985
 
Stephen: Sorry for the late response...very busy day! COMPX...Look for a sharp majority gap fill! The Oct 00 FTC resistance line should provide a floor, sloping as it is...<g> (My technicals are staggered, but my short-term is in the overbought range and rolling over.)

Instant Analysis: Look for a break up or down...but be careful you don't get caught in a head fake...LOL

Regards,
LG