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

To: bobby beara who wrote (82445)	11/15/2001 12:24:10 PM
From: t2	Respond to of 99985

bobby, This market just looks very strong to me. I still think the dips are going to be bought. Notice also how the oil market is collapsing even after threats of cut back in production. (thanks to Russia). Those old safe haven stocks have been on sale and those that bought them on the dips are probably looking to exit. Where does one put the money. I say techs and other cyclical industries. This is creating demand for the Nasdaq stocks and it is no suprise that we are not seeing a sustained pullback. IMHO, looks like a dip buying market in the near term. Oil and technology opposite directions. I would also look to the other cyclicals apart from tech as well. (this is my trading strategy----not to be confused with investing)