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

To: Hans who wrote (80592)	7/20/2001 5:43:06 PM
From: Mike M	Respond to of 99985

Time will tell Hans. It doesn't seem with all the bad news that the market did too badly today. I submit it would have been easier for stocks too have reached fair value were it not for the chicken little attitude permeating cyberspace. Nervous shorts continue to provide ballast. I suspect that the much anticipated decline has been delayed at least a few days....In other words, the market should continue higher on Monday, in a recovery that seems to defy logic (earnings, revenues, and economies around the world all suck). I tend to agree with Zeev that we will test around the bottom if not go lower but expect a more powerful rally later in the year. We just aren't going to do this on anyone's exacting time schedule.