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


To: bobby beara who wrote (82061)10/7/2001 6:44:22 PM
From: t2  Respond to of 99985
 
Bobby, How does the market look to at this time. I was impressed by last week.

Don't know how the market reacts to the air strikes on Afganistan taking place today but I cannot imagine anyone would be surprised by them. That is, these were fully expected and already factored into the market.
We are still 100 points below the levels on the Nasdaq prior to the terrorist attacks on September 11.

To me fact that the relief aid (food) is being dropped off is going to be a key factor in how moderate middle east countries react to the bombing of terrorist targets.
The focus on Humanitarian relief is one of the most important elements in this war because it is somewhat unprecedented.

If the reaction to the military and relief efforts is not worse than expected in the middle east region, the market goes up, imho.

BTW-sorry if I went a bit off topic but I was trying to relate it to the market moves.