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


To: el paradisio who wrote (77294)5/22/2001 8:17:14 AM
From: t2  Read Replies (1) | Respond to of 99985
 
We are in the middle point of the rally...thousands of inverted H&S charts. Possible consolidation, before the next leg up.
Summer rally ahead...


This last week or rallying is much different from the bounce off of the Nasdaq lows. That was just a case of Nasdaq hitting bottom and bouncing.

The move up from about 2100 looks like a real rally in the tech sector. There is definite interest in owning tech stocks right now and not just playing a bounce.