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

To: Casaubon who wrote (68402)	2/2/2001 8:37:22 PM
From: bobby beara	Read Replies (1) \| Respond to of 99985

ya c, the big cap leadership was sorely lacking from the first of the year, csco and ge didn't do much of anything, msft was so oversold it had to bounce =g= thats why i pay attention to the oex here and not the breadth that has got even arch crawford super bullish -gg- this sharp reversal off of good news rate drop, even though it was highly expected is rather bearish in my book still a lot of supply out there, the fed couldn't stop the bubble on three steps and no stumble, but the bullz think that the fed can stop the drop on A drop =g=, everything is bullish rate hikes are bullish, rate drops are bullish. i tend to agree with that other poster, there will need to be some more despair out there, a time when people start extending the downtrend into oblivion, like they were extending the uptrend into oblivion at the top -g-, there was some of that in december, but i still never got my front page 120 pt headline in the times -g-. and talk about contrary indicators, i was sticking it to the baaaaaaa--aad boys on the SHFZ -g- right at the left peak of the double evening star naz reversal -g- Message 15237774