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

To: CharlieChina who wrote (75382)	4/18/2001 11:17:00 PM
From: CharlieChina	Read Replies (1) \| Respond to of 99985

Well, I had time to go over all the numbers. The Dow is my focus at present for the weight of that index will determine the outcome of most US equity markets, in my opinion. It seems we have a range on the Dow of 10678 resistance and 9978 for support. A breach of these numbers will determine the outcome. + or - 2%. My opinion is that, due to the large number of option contracts outstanding in the market that benefits the small investor for April 20, 2001, there was no other choice but to prop up the market at all costs. Else, the financial firms would have taken substantial loses for this month. I'm more comfortable now to stand firm and let the current noise of the market level down for the next 4 trading days before making any quick decisions. This is surely a wild week. 1. Micro market rally 2. Option expiration on Friday 3. Large surprise FED rate cut. 4. Earning reports. But it is funny to listen to people. The same high tech firms and analysts that gave postive guidiance to the public back in the year 2000 and screwed them are now again back in the news making comments and people are again listening to them. There is an expression in an episode of Star Trek spoken by Scottie " Fool me once, shame on you, fool me twice, shame on me "