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

To: t2 who wrote (76786)	5/10/2001 3:58:29 PM
From: American Spirit	Read Replies (1) \| Respond to of 99985

I have been been planning for this Fed cut rally for a long time and know from experience it can come suddenly 1-2 days before and then get climactic up to and during. That's where I want to be fully loaded with techs and today is a stellar buying op when no one else seems interested. And you're right, if nothing else it's going to be a powerful short covering rally, but I think it can be more than that. In any case I've placed my bets and will now just wait. Unless some bad news comes out of somewhere we haven't heard before I'd say the bad is priced in. AAPL is a stock I like to watch (and buy) now. It's under its recent average price of $24.5 by a point now at 23.5 and feels quite oversold to me. It was recently striking toward 30 and I think it can repeat that move by Tuesday, 20% up from here by Tuesday is my guess. Ditto lots of others. Hope IBM comes out with some encouraging news to get the fuse lit. They are the leader the techs need now, along with MSFT. Good news by the way that Windows 2000 comes out in October. That is reason for hope in the computer sector.