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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

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4:00 PM EST

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To: Monty Lenard who wrote (16760)	6/11/1999 12:44:00 AM
From: James F. Hopkins	Read Replies (2) of 99985

Monty; Futures are UP right now we could get another rally.. Lets don't forget I call the Short, and it did go down Then I called the Rally then the short again. And played both ends of the game.. --------------------- I flipped from UOPIX to USPIX on the best day it could be done , & on the rally days I went long the QQQ ..today I exited the USPIX.. ( the funds cramp my style but I had to try em ) hedging the funds off on opposing days just kills what I could make trading. It was not a bad idea, but not as good as it first looked. Those funds may be good in a strong trend..but not this upside down going no where market..the qqq is about $2 above where it started off back in March. I'm most sure we still have a correction to Finnish before we can make NEW highs, but she could take her own sweet time letting the bulls in on the secret, as the MMs and Brokers would rather nickel and dime the mullets in a slow burn than to scare em all off at one time. Jim

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