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

To: Zeev Hed who wrote (77103)	5/16/2001 2:33:29 PM
From: Robert New	Read Replies (1) \| Respond to of 99985

Plan to sell into a 20/22 VIX everything else held constant. That double top measures to that level. However given the momentum and the breach of the 11,028 level I will be slow to exit. I strongly believe this rally will have legs into the summer....2250 will be a key level for the Nasdaq to negotiate but expect it to be violated to the upside in by the summer as well. Like the software and storage stocks and have been steering clear of telecom...seeing strong accumulation in these areas (volume on up days continues to be much better than the volume on down days). Volume trend is the major theme for my bullish thesis... Good investing to you...