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

To: 10K a day who wrote (75450)	4/19/2001 1:22:08 AM
From: American Spirit	Read Replies (2) \| Respond to of 99985

Three top techs just beat estimates today. The sharp slowdown was due to dot-bomb crash and sudden stoppage of buying in December. The buying could start up again as quickly, though we will not see anywhere near last year's highs. Still we're good for more here on the long side. I'd be buying craftily then playing the dips for awhile here. General direction still up. If we get profit-taking in next few days it will be a buying opportunity for many who missed the ride last week, and lingering shorts will cover. Another 1/2 point cut in just three weeks. Momo is still longo. Just getting harder to find bargains. However they're still out there. I heartily recommend the big telcos as the safest way to play. But don't expect fireworks. No risk no reward. for a good mix of safety and upside, maybe a WCOM still at 20 down from 60.