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

To: Boplicity who wrote (76982)	5/14/2001 9:51:06 AM
From: t2	Respond to of 99985

B, Sticking my belief that the Nasdaq will be weak most of the day. We should see our turnaround should come no later than 2pm this afternoon--could happen earlier. Expecting a strong close. Friday and most of the day Monday should be enough time for those expecting a selloff after the FED cuts to position themselves for the "expected". There should be a late day bounce along with a very strong market tomorrow, especially in the afternoon (which goes totally OPPOSITE ot the buy the rumor, sell the news on the FED cuts strategy). It may be driven by a lot of short covering as well. Rallying right into Thursday....maybe a selloff Friday. At least that is what my strategy is about.