MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 681.76

-1.1%

Dec 12 4:00 PM EST

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To: uclatrader who wrote (21919)	8/3/1999 7:02:00 PM
From: pater tenebrarum	of 99985

shuo, based on put/call ratios and the oversold condition i believe we could get a more convincing bounce anytime...however, i am currently inclined to short the bounces (i mainly use QQQ and SPY for that). i don't believe at this time that the correction is over(although Favors says otherwise<G>). i am scaling carefully into short positions on some sox components , which haven't corrected yet, im still short some financials and covered one nutz short today and have one still open (e-bay). regards, hb

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