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

To: Boplicity who wrote (76675)	5/8/2001 8:23:53 PM
From: t2	Read Replies (2) \| Respond to of 99985

A catalyst would be to get the Cisco earnings out of the way...just like the aftermath of the profit warning from them in mid April. The market went up significantly after that warning. Now it has the same possibility ahead of the FED meeting,IMHO. A negative surprise has now been eliminated....ie..the bad report was no surprise.<g> It really depends upon the reaction in the morning. If the market opens down and erases the losses quickly by mid morning, that will be a good sign for the market to move higher. Otherwise, I agree it goes nowhere fast. The early trading tomorrow will be very very important.