MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.47

+0.6%

Nov 28 4:00 PM EST

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To: bobby beara who wrote (82697)	3/4/2002 10:50:24 AM
From: HairBall	of 99985

bobby b: Per my intraday models I am expecting some pullback in the issues I am long... These are after the fact trades (at least on SI, but posted on the Wollie World board on CB) so take them with a grain of salt...Long WCOM 6.2 (up 32+%), NTAP 15.90 (up 28+%) and QCOM 33.65 (up 11+%) as I type. Also long a couple more issues. So, some of the NAZ issues have been leading. However I am expecting a retrace in each of the above stocks I mentioned. I am expecting a retrace of the recent intraday move in both the NYA and COMPX...per my intraday models. EDIT: I forgot those percentages included estimated commission cost for the round trip trades, so the issue are actually up a little higher when posted. And with the market strength, we may just see a bullish consolidation pattern develop... Regards, LG

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