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

To: bobby beara who wrote (77842)	6/3/2001 11:09:06 PM
From: Justa Werkenstiff	Respond to of 99985

Bobby: Re: "i certainly wouldn't short this one " No, I would not either. I only look at it as a function of NDX direction.

To: bobby beara who wrote (77842)	6/3/2001 11:32:07 PM
From: t2	Read Replies (2) \| Respond to of 99985

i certainly wouldn't short this one [MSFT] bobby, that is the problem with being short the Nasdaq. MSFT is just too large of a component of the Nasdaq and the QQQs. If it is going higher, the Nasdaq should be dragged along as well. The divergence that we saw earlier this year between the Nasdaq and MSFT will be less of a possibility now. The relative weighting of MSFT has increased in the Nasdaq comp, thanks to the tech wreck. I believe it is capped on the QQQs..not sure. That is why it is hard to bearish on the Naz and bullish on MSFT. That is one of the reasons I disagree with your bearish Nasdaq outlook. I am still expecting Nasdaq 2400 to 2500 sometime past mid June and MSFT plays a big part of that target. I realize that this is bit of a high target (i will settle for slightly less<g>) and no one really seems to be expecting it. It is the kind of short term target that brings out name calling such as "No Vision". I am still waiting for "Tunnel Vision".<g> (i don't mind) Like I stated earlier, it is the wrong time to be short the technology sector; expecting big gains near term. JMHO of course; I could be wrong. We shall see. -------------------------------------------------------- BTW--I am expecting an explosive move in MSFT and that is basically why I am extremely bullish on the Naz short term. Without MSFT, I would have been only slightly bullish. Then there is Oracle...i won't start that again.<g>