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

To: anon who wrote (76297)	5/1/2001 12:56:50 PM
From: American Spirit	Respond to of 99985

Naz high this year? Looking for 2450 first, hopefully, then if the recovery is looking good, a lot more later in the year. But more important is the bottom here, which I see having been confirmed, gone, history, below 1950 or so I mean. We won't break 2050 again for the next two weeks IMHO. Headed up or at worst level. But I hope to see 2450 or roundabouts by the 15th, minimum 2250. They're expecting a .50 rate cut now. Higher bases being formed. Dips are being bought. Generally looking good. Maybe very good. At least okay. Feeling safe holding here. Ready to buy up all the way on any sharp dip this week. By next week we'll be so close to a Fed cut longs can rest easy unless something comes out of left field to knock us down. Good time to buy and hold, at least short-term. Look for red on your watch board and consider it. Buying the dips looks safe enough so long as the underlying value's there. Might be some shorting ops after the 15th. But we'll see where we stand then, won't we?