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

To: Dave Kiernan who wrote (75077)	4/17/2001 12:08:49 AM
From: American Spirit	Read Replies (1) \| Respond to of 99985

I think you're forgetting the bears just compressed about 3 years worth of sell-off pressure into 3 months. When has anything like the Naz down 80% in less than six months ever happened before? To bet it's going down more you'd have to have an extremely pessimistic outlook and think rate cuts will make no difference. I don't. I wouldn't fight the Fed or the new trend which started about 12 days ago. We could have another sell-off but it won't last long. Huge amounts of cash on the sidelines and many-many shorts to squeeze.