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

To: Patrice Gigahurtz who wrote (83263)	7/2/2002 4:39:03 PM
From: Greg Jung	Read Replies (1) \| Respond to of 99985

Pat, that's called a Bear Market Rally, you traded well with it but its still a bear market and the more likely consequences are the losses we're having now. Yes there will be more monster rallies but the house of cards has not completed its fall and the general trend will be negative. Having said that I am hoping for an SP500 rebound soon as I made my first leg into the SP hedge balance strategy today with SWPIX - I'll match the amount after the next move up has run its course, which I hope will leave it higher than today. We can expect a little meaningless fornication from now 'til monday probably some meaningless damage control and maybe they hold onto Dow 9k. INTC has dropped to near value stock MSFT still seems impervious QCOM probably goes next. Cisco below 10 still wouldn't move the market much by itself its now held up by the likes of GE, XOM, MSFT, EM, PFE, etc. Which of these is absurdly cheap and why?