Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: eichler who wrote (76854)	5/11/2001 12:34:13 PM
From: Boplicity	Read Replies (2) \| Respond to of 99985

like I said before, I don't think the market is going anywhere, up or down for awhile. Maybe long enough to move away from our wedge or triangle. B

To: eichler who wrote (76854)	5/11/2001 1:11:03 PM
From: American Spirit	Read Replies (2) \| Respond to of 99985

I would expect an END OF DAY RALLY starting very soon and continuing until at least Tuesday midday. That is what happened last scheduled Fed cut in a much worse atmosphere. Remember how negative it was back then? Remember the nice rally until the .75 guys were disappointed and shorts piled back in? Well bears have had their little feast the last two days and now they should be covering en masse. Once buying starts more will pile in. Bargain prices right now in techs which could move quickly; AAPL, UIS, SCNT, NOVL, PALM all catch my eye as movers which are sitting below where they "should" be, at least from my perspective. Reading all the bearish posts now I'd say negativity has just been priced in. Sure we could go lower later in the month and during the summer but right now Greenspan is about to take center stage. What short will want to hold over the weekend knowing Monday and Tuesday are probable rally days. We probably won't hit 2450 or 2350 as I predicted weeks ago but 2250 would be easy.