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

To: gancho who wrote (83809)	5/5/2003 2:28:20 AM
From: SpecialK	Read Replies (3) \| Respond to of 99985

Barron's headline: The Bull is Back! - what better indicator that it's time to turn downward. I hope tomorrow is a good day to make some extra pennies long and return to my BRCM short. Paul mentioned a turn date for Tuesday. I like that as it lines up with the Fed meeting. Of course, best time to go short would be after they don't cut interest rates. This would mean they expect the economy to improve without further stimulation, though it could be viewed as being complacent. Of course, if they cut rates, we could have a continuation rally for a few days or stop and turn down immediately, as it would indicate the view that the economy is worsening and needs help. Should be an interesting week. Of course, May is here, summer's coming, which should slow things further. Cisco reports this week, this as many telecom/ networking cos are moving up. If they pour some coldwater, it could get ugly.