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


To: Boplicity who wrote (73380)3/27/2001 3:32:01 PM
From: CharlieChina  Read Replies (2) | Respond to of 99985
 
base building???? .....mmmm, it sure looks like house cleaning to me.... as portfolio managers perform window dressing for the quarter which ends this Friday, March 30, 2001, hence, they are maneouvering their last dogs out and coating the top with some names that have not done so badly.

Im not a fan of Cisco, however, the reason Cisco is so short-term weak is that alot of the managers do not want to look like fools to their investors and have Cisco in their portfolio for the past quarter.

I still believe a short rally will begin on Monday, April 2, 2001 around 2:30 - 2:45 pm. and end on Friday, April 6, 2001 around 3:30 pm.

That being said, the markets are headed downward after that.



To: Boplicity who wrote (73380)3/27/2001 9:21:58 PM
From: bobby beara  Read Replies (2) | Respond to of 99985
 
sideways. It's called base building. >>>>

Bebop, that may be, but maybe the base your looking at is a topping base.

we had a long eco expansion after wwii that lasted 20-25 years, we are on the ending edge of another eco expansion of similar proportions,

just as one piece of bad news after another pummeled long investors after the tops of major economic expansions in the late 20's and the late 60's,

i think we will see the same thing over the next several years, during periods of prosperity (if the thread remembers i pointed out the word prosperity was used in every politico's speech in the winter 99/00 like they had a script to enter "prosperity" in every other line -g-)

excessess build-up, during the down cycle phase, excesses are punished and cleaned up to lay a foundation for the next up-cycle, during a phase where the crowd has come to the conclusion that cycles are no longer valid, the down cycle may be exacerbated.

the last three days rally was a bear market rally imo.