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

To: KymarFye who wrote (76326)	5/1/2001 9:20:48 PM
From: t2	Read Replies (1) \| Respond to of 99985

KymarFye, Been on a good streak lately for making market and stock calls (predicted the suprise rate cut). Guess for a Nasdaq gain of 57 points when it was up about 20 was my best (and luckiest) of the day. Came close. Just wondering how long my "lucky" streak lasts....started very early April. I know it is going to end sooner or later....then the "unlucky" steaks should begin and if I sense that happening, I am out of the market quickly. That is why I am taking the chance now to pat myself on the back before the "kicking myself" for not selling feeling comes back....and it probably will, sooner or later.<g> Hope it is not tomorrow because I am still long.<g> Don't think the Tax Cut factor had much to do with the rally today but may have a factor for weeks now. Just seems to be lots of demand for tech stocks..so much so that even internets are rocketing higher (in percentage terms). IMHO, the gains in internet stocks are an indication investors may now be willing to take chances on riskier investments....and in a way provide support to the regular tech stocks. When internets started crumbling last year, the selloff was contageous...slowly taking out the higher PE sectors one by one. Now if the reverse is now taking place and if it is sustainable.....it may not be like old times but the direction may be right.