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

To: bobby beara who wrote (82441)	11/14/2001 8:23:03 PM
From: t2	Read Replies (2) \| Respond to of 99985

bobby, I don't know about a major selloff here. Too much is changing and has changed in technology. I am looking for a boom in electronic items this Christmas season. That is going to be a factor in how tech stocks do. I believe the dips in the coming week or so will be bought up by funds looking to reallocate funds..out of money market/bonds. I would even bet that hedge funds are turning bullish. Short funds of course don't have a choice but they may start getting some redemptions...which translates into short covering. It is reasonable to trade for a short term drop but don't do it on AMAT's negative earnings. I might sell most of my long trades tomorrow..and keep only a core holding beyond that. BTW--about your technical indicators..they went over my head and I had no clue of what you are suggesting.<g> The only thing that matters is your conclusion...and you are getting bearish. I prefer to buy long..sell..and then buy again...skipping the shorting process. I am ready to sell my longs but just getting greedy since I think the intermediate picture for tech companies will be better than "expectations". JMHO.