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


To: KevinMark who wrote (68229)2/1/2001 5:37:16 PM
From: 2MAR$  Read Replies (1) | Respond to of 99985
 
Kevin you rascal ! I covered EMLX for 11+pts yesterday
Message 15279350

you know I don't care what direction the market
goes in , or whether it is time to be an investor!
Looks like it's churning at best .
We'll be trading in a range here with sector rotation and chop....you can bet on it for a while.
But who's got time for being a prophet ?
Just riding the rotation game , and enjoying being the ride .

Until there comes a catalyst that allows investors to condifently look out beyond 6mos, with Greenie's fixes , tax-cuts, energy problems addressed, and we see ability for companys to rev up their engines again. And the avoidance of recession. 12 months out will tell the tale.

Box-makers , Auto makers and god knows what else are dead in the water looking out from here. Best you can say here is "Churn baby churn"....until
earnings season is over?
whither then?(vbg)

Focus today was continued weakness/prof-taking in the
Bios (fave PDLI, MLNM. MYGN HGSI) , SCMR, NTAP shorts
( & nice botto-bounce)Continuing shorting of YHOO and AMZN...

...and if we rise ? I'll rise with it , on a trading rotational basis.
( B2B's stagnant here)

*MCDT has 14mil lock-up monday $60 looked
good for initial position.

;-)

*Lets looks for gems , for many companys will not transition well into this new shake-out of that far-off promise~land of milk and honey NASD 3500 you dream of ,
ROFL



To: KevinMark who wrote (68229)2/2/2001 3:05:18 PM
From: JRI  Read Replies (2) | Respond to of 99985
 
Weren't you looking at CSCO at 36 (big blocks buys a few days ago) as a proxy for the Naz? Csco dangerously close to breaking below it.....