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


To: majaman1978 who wrote (81207)8/4/2001 2:52:41 PM
From: Boplicity  Respond to of 99985
 
I think that's unduly alarmist.

b



To: majaman1978 who wrote (81207)8/4/2001 5:09:11 PM
From: t2  Respond to of 99985
 
I wonder how much that article had to do with the decline on Friday. I did see commentary that it may have affected potential buyers and may have motivated some long traders to take their recent profits.
Also noticed that the put/call ratio was somewhat higher than what we experienced earlier in the week; this article may have been a contributor to the higher p/c.

Will be interesting how to see if the Nasdaq rebounds Monday if it had in fact sold off due to that economist's prediction. Would be disappointing for the bull case if there is not a rebound.