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

To: bobby beara who wrote (77983)	6/5/2001 10:33:02 AM
From: eichler	Respond to of 99985

Typical of the school-yard bullies...ggg softie's white candle looks quite impressive if it holds up EOD... wondering if there's something wrong with my chart... where's da volume? Only 10 mil served today so far...

To: bobby beara who wrote (77983)	6/5/2001 10:55:37 AM
From: t2	Read Replies (1) \| Respond to of 99985

look at softie, today may be breakout day. If it breaks out, there is no way we can really have a divergence between the Nasdaq and Microsoft (imho)...like I mentioned over the last couple of days.(market weighting factors) MSFT looks so strong fundamentally; competitive position is just so strong(compared to a year ago) and it will only get more business momentum towards year end. In addition, it is likely to get at least a split decision (as a minimum) from the Appeals Court on the anti-trust case. It may also be moving a bit on anticipation of the decision and I would bet that as soon as we know the day of the ruling, the stock moves up ahead of it...and that could mean significant gains for the Naz and QQQs. I like the fundamentals of this company and it will be a big bonus if we also get a good technical move (breakout) as well. That means the Nasdaq would also be heading higher. The telecom equipment/networker/communication chip stocks are also strong. Semiconductors seem to be turning as well. Of course there are the flying biotechs. Sentiment seems to be calling for a dull market--range bound. That means the market is about to move...as Joe Kernan seemed to suggest the other day. Overall, there are just too many positives and the negatives are no longer a surprise. That can only mean one thing as I suggested over the past few days, we get an explosive move on the Nasdaq. Waiting to see how the market digests the early morning gains (see it if holds 2200 intraday). The last hour of trading is going to be key as it usually is---I believe we will add to the gains that exist at 3PM---that is my mutual fund speculation that I have stated so often. JMHO.