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

To: Boplicity who wrote (77593)	5/30/2001 9:12:16 AM
From: t2	Read Replies (2) \| Respond to of 99985

drop back below 2000 will smash any amount of tentative improvement Absolutely. That is why the case for continuing aggressive rate cuts will be there unless the Nasdaq gets to the 2500 to 3000 range....as stock gain about 6 months ahead of actual economic recovery. 50bps is very likely at next meeting (if market remains close to 2000) as AG will not want to take a chance of this reversal down below 2000. There are FED speakers today----you can bet they will be aware of what is happening with the tech sector and the reaction to their comments (McTeer in the afternoon) in the markets will be interesting. If the market recovers on their words, that would mean there is a lot of support for the Naz near these levels---I am assuming they will make market friendly comments. My guess is that traders/investors will use broad market weakness to shift into the strong tech companies like Microsoft. THe good thing now compared to 2 months ago is that the big mutual funds are not overinvested in tech...a lot of the big ones are unweighted tech. That is a very key factor that should prevent a drop below 2000. Like I noted yesterday, even with the rebound, short interest has stayed at high levels while cash in money market funds has also gone up. Today will be a case of determining whether this bad news is stock specific (SUNW); and whether the market expected anything better from the telecommuncation equipment stocks like ALA, LU, JDSU, NT etc. I am watching the relative performance of Dell, HWP, MSFT and a few others to see if they get a lot of the money---especially Microsoft. There is little doubt that the PC market will not recover by late year. MSFT upgrades are big catalysts..and that is why we could get our worst PC quarters this summer ahead of Windows XP launch in October. A case of demand for tech sectors that may experience a recovery sooner. More new dollars to go to PC sector,imho, especially the leaders like Microsoft. There is too much bearishness. We are unlikely to see redemptions out of tech mutual funds on the SUNW news. Sunw can't be that important to dismiss the idea of a recovery in tech for the second half. As many analysts have pointed out, SUNW faces some serious competitive issues as well. Buying aggressive technology (long) trading positions this morning.

To: Boplicity who wrote (77593)	5/30/2001 10:00:31 AM
From: Boplicity	Respond to of 99985

It's that time of year again. First off I would like to thank the many people from SI the donated money to sponsor me during the annual MS 150 bike ride to Geneva. It really touched my heart that people I don't even know lent a helping hand in the fight for a cure for Multiple Sclerosis . Last year the L team (L stands for Lorie my pal that has MS) raised over $7,000 dollars which was second on the money list. It all started with two guys and now the L team has grown to 13 riders. This year we have dedicated ourselves to being first on the money list. So, I'm asking anyone that might read this note to please send a donation, money order, check, to the below address. Be sure to make out your checks to Multiple Sclerosis Society, of course the amount is tax deductible. Thanks again to those of you that donated last year and anyone that takes the time to donate this year. DISCS and DATS MS Donation 2400 East Main Street Suite 105 Saint Charles, IL 60174 Greg