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

To: bobby beara who wrote (79219)	6/25/2001 10:54:55 PM
From: t2	Read Replies (1) \| Respond to of 99985

Newvision, no slam on you but you have been unrelentingly bullish (yu were correctly so off the april bottom) for several months now while tech has gone sideways to down. bb, I don't really mind sideways action. After the market made a big move...going down from 2300 to about 2050 is no big deal for me. It allows me to set up my trades for next month. I am looking for the same opportunity now....a little lower on the Naz this week would be a bonus as far as I am concerned. A sell on the news on the interest rate cuts would be an ideal opportunity leading into July as far as I am concerned. However, it is now harder to predict patterns...especially as we head into earnings season. For that reason, I am going to be done most of my buying by Wednesday and look for additional positions for the rest of the week if I get the opportunity. If my July plans work out as I expect they will, I might take a vacation from trading.<g> ..maybe even a permanent vacation from trading...to call it quits.

To: bobby beara who wrote (79219)	6/25/2001 11:36:09 PM
From: xu, b.	Read Replies (2) \| Respond to of 99985

Bobby, I am with you. A test of 2100 for NAZ is very possible and it will be a good short sell opportunity. This is a high profit/risk ratio play. Target is 1600-1800. The fundamental analysis suggests a possible overshot to 1400. It's very intersting to compare the NAZ with Jpn market when the bubble there busted at ~40,000. The zero interest rate that the Bank of Jpn adopted did not help to bring back the bulls. A regular update of the market view is posted at: geocities.com