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

To: American Spirit who wrote (76371)	5/2/2001 2:34:30 PM
From: t2	Read Replies (2) \| Respond to of 99985

Nasdaq up big today.---Up 85 prediction on the Nasdaq (just for fun). I want to see if my streak continues. Got it within 5 points yesterday. maybe up 30 for the Dow. My reasoning for the Nasdaq gains, the comback from the selloff was just too strong and lead by tech laggards of the past..communication stocks.

To: American Spirit who wrote (76371)	5/2/2001 2:49:23 PM
From: t2	Read Replies (2) \| Respond to of 99985

Tod Harrison, the hedge fund manager, realmoney.com is still bearish it seems. Why do I keep bringing this guy up? Like I said earlier, he was so right through the entire selloff and is still betting on it. Given how the market has moved up recently (Naz), he becomes a good contrarian indicator, IMHO. The reason it would be him is that he represents the mirror image of the bulls that believed in buying on the dips. I also did that for a while--very successfully. That is what makes the perfect contrarian indicator. I am just fearing that he will become bullish--which I doubt very much. I doubt he would get bullish. I have to still acknowledge that he is one of the smartest traders I have heard of. This market can't be predicted by the smartest traders consistently. No technical or fundamental analysis will be able to predict future moves consistently