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

To: Crimson Ghost who wrote (67498)	1/23/2001 12:18:03 PM
From: Winston Lee	Read Replies (1) \| Respond to of 99985

Not sure if we'll get much of a pullback between now and FOMC ... pullback will occur afterward. News of 50 bp cut is reflected in the market ... what is not reflected in the market is the improving economic fundamentals which may result 6 months down the road. Take a look at CHKP.

To: Crimson Ghost who wrote (67498)	1/23/2001 8:43:25 PM
From: Boplicity	Read Replies (2) \| Respond to of 99985

re: Buying on pull backs, There are plenty stocks that are doing just that. AVCI, JNPR for example, both of which obviously bounced off trend lines and channel lines. I'm seeing nice rotation and recoveries in the stocks that I follow. Furthermore, there are plenty of stocks that didn't even enter into a downtrend, EMLX for one. The point I'm getting to is that it just little old me seeing these things, it's the late money from the funds. You can see that in how the market holds in a mixed fashion then shoots higher once the late money, or the money that is looking to buy on a dip, sees that there is not going to be a market wide dip to buy because of the rotation. Another example of rotation is how IBM is acting now after it's large gap. Greg

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