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


To: Haim R. Branisteanu who wrote (74704)4/11/2001 11:37:37 AM
From: Crimson Ghost  Respond to of 99985
 
Haim:

I do agree that the NDX looks a little overbought now. But I think there is considerably more upside after the inevitable pullback. If QQQ does just a 38% Fibonacci retracement of the drop from the January peak, QQQ would rally to about 47. My target is 45.



To: Haim R. Branisteanu who wrote (74704)4/11/2001 1:47:00 PM
From: Boplicity  Respond to of 99985
 
re: IBM, HWP .... even MSFT and ORCL

I wouldn't bother with looking at any of them other then MSFT. MSFT along with the PC sector started the recovery in Jan. the others are hardly representative of the health of the market. I feel it's important for MSFT to be able to move forward, just like I feel it's important that CSCO find a firm bottom before the market can move forward, the others haven't been bellwethers for some time.

B