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

To: Eddy Blinker who wrote (77726)	6/1/2001 11:29:20 AM
From: Jack of All Trades	Read Replies (1) \| Respond to of 99985

Becareful we could be heading up for a bit here... IMO

To: Eddy Blinker who wrote (77726)	6/1/2001 12:07:00 PM
From: t2	Read Replies (1) \| Respond to of 99985

A bet against you..New Vision, I just sold one nq01 futures contract short. What a show! Sales don`t fall from heaven. Presently the whole P/E structure is overvalued Eddy, I like it! I also like the fact that your reasoning goes beyond just charts. To me it seems that anyone that goes against looking at charts for direction is somehow considered a hypster on this thread...especially if the bet is to the upside.<g> To me those negative technical based predictions are a contrarian indicator at this time. I stress--at this time. (due to the reasons I gave earlier) I like your reasoning but disagree with you on the timing. Only if the economic numbers late in the summer are bad, will the market start tanking. That possibility of a drop may be down the road..late fall or early next year depending upon the economy. To me the MSFT appeals court decision is going to be a big market moving event just like it was last year but in the opposite direction. Notice how the biggest stock on the Nasdaq does not crack even on down days. Every time someone shorts the QQQs, 10% of that is a bet against Microsoft. I am taking an opposite view against the majority view on this thread..who are bearish ( from a technical viewpoint) and that is they way I prefer it stay. I don't need to see a rally in the next 3 to 4 days. It is what happens starting mid-next week. to late June. Still concerned a bit about an Oracle profit warning possibility before that time. I bought even more today; Tyco into the weakness today. Waiting for a pullback to add more QQQs. I am very long technology stocks on a trading basis...right up to about 2500 on the Naz before I take profits. We shall see.