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

To: Whitmore G. who wrote (74694)	4/11/2001 10:36:03 AM
From: Haim R. Branisteanu	Read Replies (3) \| Respond to of 99985

There were several factors which contradict higher stock prices but the high short interest facilitated it. 1. Euroland did not lower interest rates signaling that may be the FED will do the same or maybe lower by 25 bp. 2. The release of the US crew added some to the euphoria even that IMHO it is a slap in the face of the US administration 3. DELL is anticipating a meager 5% sales growth in Europe - which is about in line with inflation and population growth nothing exciting 4. MOT had tread full numbers 5. EMC warned of lower earnings (over a 10% decrease) As the situation is so bad, they decided that it can not get worse. Oh well very scientific approach of an SEC certified analyst ...... reminds me of the KID in New Jersey were the SEC was all over him for similar recommendation. Still the optimist decided to teach the short a lesson and they succeeded until now. Does fundamental factors contradict the present rally for sure it does, but who cares just roll the dice!! ........... just buy some CSCO rose 50% in a few days. Market oversold we are all long .......... is a good reason to rally as any. Haim