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

To: bobby beara who wrote (82492)	12/7/2001 8:51:32 PM
From: t2	Read Replies (1) \| Respond to of 99985

bobby, How does the Nasdaq or NDX look to you right now. Also noticed that the Soxx is right at a key point--200 day moving average. Just a small pause today? I was expecting a big up day. Looks like the Morgan Stanley downgrade of semiconductors did not help get the market back to positive. I wonder why he picked 2pm on a Friday to make his negative call.<g> ..and still it did not sell off to the lows of the day! I see many factors that say a major inflow into stocks is in progress. I read somewhere that money markets have management fees but with yields a bit over 1%, there is little incentive to keep money in such funds...inflation will be even higher than the return. Therefore it is either bonds or stocks---my guess is more stock than bonds since investors have already been moving from bonds to stocks. Just watching for major asset allocation changes to continue driving the stock market. Of course, I have my usual reasons--record short interest ----and sooner or later these guys are going to capitulate. At least it puts a bit of a floor on the market even if they don't give up in large numbers.