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

To: Haim R. Branisteanu who wrote (67178)	1/18/2001 8:08:54 PM
From: eichler	Read Replies (2) \| Respond to of 99985

Haim, From a fundamental point of view, I can understand completely your dismay with the complete picture. Just from a trading point of view, however, I am encouraged that the market is rising in spite of the humdrum if not bad news you cite. It is telling me this rally is not about the fundamentals. I think it is that we were very heavily oversold, and overdue for a good snap up. What we have seen so far doesn't yet qualify in my mind. I think this rally is about to fry the shorts. No one who pays attention to the doom and gloom is going to believe the rally is going. But go it will until it is time to pull the rug out again. That could last weeks, I would think. I suspect, to think like a criminal, maybe the market buys the rumor of the Fed Mtg cut, then finally corrects off (market sells the fact) before another move up. But, I think alot of shorts will be in severe pain by then.... NG Regards, Eichler