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

To: Zeev Hed who wrote (77011)	5/14/2001 5:01:14 PM
From: ajtj99	Read Replies (1) \| Respond to of 99985

Zeev, I don't expect the SOXX to hit 575 until tomorrow afternoon at the earliest and Thursday/Friday if the Fed acts 50BP. Barring that, I believe 525 is on the horizon. Even if it takes 2-weeks, I've got nothing but time. The IIH looked tempting today also, but the SOXX should run down quicker than the rest of their tech bretheren just because of how the resistance is laid out on that group. With the low volume the past several days, I expected very little short covering today. The end of the day seemed to Bear that out (pun unintentional, but capitalized upon realization).