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

To: Zeev Hed who wrote (78445)	6/12/2001 9:43:47 AM
From: t2	Respond to of 99985

Zeev, It looks like your bearish outlook on the Nasdaq seems to be closer to reality. I believe I was just a bit optimistic on the recovery story being played out near term. The one thing to note will how be how the computer sectors holds up....MSFT, INTC, AMD, DELL, types. Nokia..messes up wireless sector. Networkers/optical/communication...are just old news..no recovery in sight. Biotech warning That is why I am watching the key PC stocks MSFT, INTC, AMD, DELL to see if they stay weak throughout the day. That will give us a hint if there is buying of certain sectors or just a much broader technology decline. The PC sector was the first to suffer the slowdown and could be one of the first to recover thanks to the MSFT product cycle. In addition, buying PCs/software does not require huge capital expenditures...and therefore these type of corporate buys may not get the ax to the same degree. BTW---it may be possible that Nokia is finally running into the problems that Nortel did. Being the best in one sector (optical in Nortel's case) and then just getting too big to grow in tough market conditions....putting the beginning of a decline in market share. Sort of reaching resistance levels in the ability to gain more market share. <g> Motorola might finally turn out to be a great buy sometime soon. Low valuation. Sales levels high but profitability low...possibility of that getting better as demand picks up and competitive position gets better. Just a thought.