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

To: Boplicity who wrote (76436)	5/3/2001 10:36:20 AM
From: t2	Read Replies (1) \| Respond to of 99985

me while down on the ranch, MSFT is green so is QCOM. lemmings action this AM. If it was smart money, they would of sold yesterday knowing that we have the econ number, weekend, and the Friday/Monday disaster tandem facing them. B, So would that not be a bullish case if the traders are thinking this way...on the assumption that mutual funds are looking to buy their favorites. I realize that could be negative if there is a lack of cash inflows into the market or if mutual funds have used up a lot of their excess cash. I am still of the opinion that the short bets by the "smart money" have already been made. Therefore, they will be looking to take short term profits sooner rather than later (by covering). If the short bets were being placed today, that would mean they could be betting on a steeper drop. I am so far sticking to the story that although mutual funds have been buying, they are still looking for opportunities to put the cash to work. Given what these managers have seen in the past few month, their philosophy may be not to chase stocks but let them come back down a bit...but if too many are thinking this way.... In addition, there should less demand for energy stocks--oil and Natural Gas prices now dropping. That is the high growth, great earnings group. Naturally, a lot of investors will want to exit that group while it is still growing and move to areas that are yet to show any growth this year..ie. technology. IMHO, that creates more demand than supply in technology. In addition, it is the group with the biggest short bets. Hard to get bearish on this group for those reasons. BTW--(you have probably seen the Munder Energy Fund ads often on CNBC---I think they now have a Munder Power Fund---does that not remind you of their push of the Munder Internet fund last year). This reason alone is good enough to stay away from energy for a while.<g>