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

To: Uncle Frank who wrote (77315)	5/22/2001 4:23:46 PM
From: t2	Respond to of 99985

UF, It looks like MSFT made a run at the end of the day to close above 70. With the big launch of Office XP next week, it has a chance to make a break past 72 range. Closed at the highs of the day after having a relatively weak day yesterday. Of course, the big event for this stock is still going to the Appeals Court ruling...expected day, week, or month..no exact date given. MSFT's market cap can be a huge factor in dictating market direction around the Appeals court ruling. MSFT dictated market direction last year. I had thought it would be a non-factor 1 year ago....and as "Eddy Brinker" pointed out, I was way off back then. This time around, I am betting it will be an important factor and the stock would run up (BIG) ahead of the day of the ruling if advance notice is given. That big increase in QQQ shorting (my post early this morning)is going to be factored into the way MSFT's stock moves as it represents about 10% of the QQQs. Not a bad day on the Nasdaq today. Cisco doing well. It is logical to see this one bounce ahead of NT, LU, ALA. Cisco had trailed NT in optical for so long; the lead was just too much. The recent weakness in NT has given Cisco the opportunity to play catch up. IMHO, it will continue outperforming the Nasdaq. BTW--both Dell and MSFT up significantly afterhours....more than one would expect. Will be interesting to see if this is news driven.