MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 689.52

-0.3%

Jan 7 4:00 PM EST

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To: t2 who wrote (76617)	5/7/2001 4:57:05 PM
From: Robert New	of 99985

I am in the camp that also thinks we'll see some significant selling after the Fed meeting thus I will be exiting my trading positions between now and then into strength. I also do think that we'll continue to see a bias to the upside in the interim given our most recent action/volume. Did take on a couple of positions towards the end of the day given the light volume in selected issues. Not sure what to take out of the CSCO earnings tomorrow evening. Would appear as if most of the bad news is already in the shares so any uptick in orders/sign of visibility will be construed as a positive. We will know in about 24 hours...

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