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

To: KevinMark who wrote (71529)3/8/2001 8:34:27 PM
From: LTK007  Respond to of 99985
 
< It's amazing what the powers at be can do with this market.> don't doubt that,i am a PPT believer:)



To: KevinMark who wrote (71529)3/8/2001 8:39:27 PM
From: el paradisio  Read Replies (1) | Respond to of 99985
 
Semi's are still holding well in comparison to Nasdaq....support at 585-590 may hold.
If not,the next support is 100 points lower.
INDU rally and low vol on QQQ today is a good sign.
However,for QQQ... this might be sign of indecision, not capitulation IMO.
Regards,
el



To: KevinMark who wrote (71529)3/9/2001 1:47:05 AM
From: bumboo  Read Replies (1) | Respond to of 99985
 
<< It's amazing what the powers at be can do with this market. >>

Sure, but for how long? That is the question. The market will eventually go the way of the earnings. I doubt that "the powers" can hold it up indefinitely.

Now if the news about earnings/economy/inventories starts improving, then things might change.


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