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


To: CharlieChina who wrote (75349)4/18/2001 1:04:57 PM
From: American Spirit  Read Replies (1) | Respond to of 99985
 
The rally will continue (more or less) until May 15 or we reach Naz 2500 whichever comes first. Could go higher but I wouldn't be taking chances. Would hold Baby Bells and Oil after that. But first we've got another 20% on the upside. This is not a one-day rally. It started two weeks ago and it's a large upward correction from an extremely oversold condition. The Fed will cut down to 3.5% and those debt-strapped companies people have been bashing like LU and WCOM will be out of the woods. And why not? It's good for the country and the entire world.