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

To: Les H who wrote (67493)	1/23/2001 10:43:57 AM
From: Winston Lee	Read Replies (2) \| Respond to of 99985

Market's shrugging off all bad news - DELL, TXN, etc. ... and then there are some stellar earnings - OPWV, EMC, CHKP, etc. AG will cut another 50 bp, making a full percentage decrease in less than 30 days and probably more in the future. After NAZ broke through 2700 resistance, it's consolidating its gains before the next move up. Add in money on the sidelines, bullish technicals, bursting of the bubble and destruction of companies with no business plan (ETYS, etc.), unprecedented shorting by individuals and decreasing shorting by institutions .... All I see is buy signals all over the place.