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

To: t2 who wrote (79929)	7/10/2001 11:24:46 PM
From: exeric2	Respond to of 99985

I looked at the chart for every stock in the Nas 100 this evening. Not to throw a turd in the punchbowl but it is simply amazing how 3 out of 4 stocks are breaking down, about to break down, or have completely broken down. It's not pretty. Of the largest techs the MSFT chart is the most worrisome -- it looks ready to cascade downward. Am new to SI so I haven't figured out how to post it but you should check it out for yourself. Tomorrow looks to be awful. Sorry to be the bearer of bad news.

To: t2 who wrote (79929)	7/11/2001 12:38:38 AM
From: mishedlo	Read Replies (1) \| Respond to of 99985

NV the ONLY thing AS has right is how the market MAY react on that first sign of business uptick. It is indeed possible for the market to shoot up 800-1000 points if it thinks a recovery is underway. False hopes IMHO but I will try and play for them in due time. I say false hopes cause the market may react as if we were going to build the internet all over again, which is of course insane. All it will be is the next cyclical round of orders coming in before the recession hits in March of next year. (Which is where I differ with turnips view of late next year). Under the right conditions it could happen this year. The bottom is simply not in IMHO. Why buy now. M