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

To: Haim R. Branisteanu who wrote (74742)	4/11/2001 8:59:04 PM
From: waverider	Read Replies (1) \| Respond to of 99985

Haim, good points. My take on this rally is the same as yours, however...we could be wrong...despite Galvin's commentary. Stranger things have happened. Frankly I see this rally sputtering shortly as both the NAZ and nearly all the chips I watch are toying with their reistance levels...which all appear quite strong. Look at SNDK as a classic case. $24 is about it. <H>

To: Haim R. Branisteanu who wrote (74742)	4/11/2001 9:18:58 PM
From: ajtj99	Read Replies (1) \| Respond to of 99985

Haim, if someone gave a 12-month target for the SOXX, it might be 1200 if a rally starts late this year. That said, there should be major downside in the near term. They analyst never said they were calling the absolute bottom, only most likely that the situation looks better now than it did when they downgraded them (most likely last September and December). Haim, I know you don't like manipulation in the market. Well, unless I can change the system, I work with what's here. That said, I'm happy to participate in a manipulative rally going into options expiration. Now if I can just get some QQQ April 39 calls tomorrow at $2.00, I'll have a great weekend.