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

To: Eurobum1 who wrote (75944)	4/25/2001 12:44:26 PM
From: Temple Williams	Read Replies (4) \| Respond to of 99985

Hi Euro: What kind of market? I called yesterday a "frog boil sell" ... all the bulls were sitting in luke warm water. The bears turned up the heat, very slowly, and the bulls never noticed they were getting cooked until they passed out in the boiling water. Today the bulls are trying to put on a good show, but they are acting like sissy bulls. All snort and ground pawing, but with no charge. So ... I still think the basement button was pushed, and it's going to take some time to let it slide. But it's a tough market to trade. I had one shot this morning, it quickly gained 5 handles, I turned it "safe" (lowered the stop to the entry) ... and was stopped out for a b/e. Seems you can't hang onto anything. It's hand-to-hand combat, exhausting, bruising, not much fun ... and when you're in it, one has a tough time backing off long enough to suck oxygen and look at the bigger picture. Tough market. Temple

To: Eurobum1 who wrote (75944)	4/25/2001 2:44:52 PM
From: American Spirit	Read Replies (1) \| Respond to of 99985

Still in gradual rally mode into May though today is a digestive day. Mixture of profit-taking, positioning, sector rotation and various gyrations. My take is we're firming here and 2000 Naz is quite low. I still expect big telcos and little tech dogs to out-perform. CSCO, SUNW etc are not the leaders now. Therefore the Naz itself can be mis-leading. The next news is the WCOM earnings which should be okay. Once we get these earnings out of the way we'll be clear for a modest take-off again in many sectors. Just pick your targets wisely and you'll do fine going forward.