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

To: eichler who wrote (76307)	5/1/2001 2:51:24 PM
From: t2	Read Replies (2) \| Respond to of 99985

Hi Eichler, Glad to read that the technical analysis is also predicting the possibility of a breakout. I am still waiting on MSFT to make its move over 70..lots of resistance at that point for the stock. Actually, I do use a little TA once in a while (but without the charts.<g>) (just for fun--Nasdaq up 57 today)

To: eichler who wrote (76307)	5/1/2001 3:10:36 PM
From: American Spirit	Read Replies (2) \| Respond to of 99985

Confidence growing. Upward direction looks confirmed here. IBM, MSFT, GE, VZ leading. This rally going into mid-week is important as it minimizes the chance of any sell-off going into Fed week when all smart shorts will stay on the sidelines. In the meantime a lot of potential for underperformers to catch up. Last month record redemptions out of high-tech funds. This month could make up for it. Many billions ready to be put to work on the sidelines.