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

To: Doug who wrote (71519)	3/8/2001 6:47:33 PM
From: jmootx	Read Replies (4) \| Respond to of 99985

Doug I use many but the simplest ones show the advance/decline line rising and moving through resistance, reversing a near three year trend. Most of the money that sold technology is now going to cyclicals, energy, and some financials. The rally is now S&P and Dow led, the NASDAQ is still oversold--hedge funds who are still deeply overweighted shorting it are running out of profits and the aggressive ones will unwind. Intel warns and it is not trading at a new low--finished more than 10% above that low. Bottom line there is stock to buy outside of technology and the news of warnings is way old with the Fed to cut rates in 12 days.