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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 674.96

+0.9%

Nov 25 4:00 PM EST

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To: Haim R. Branisteanu who wrote (30817)	10/20/1999 6:19:00 PM
From: KM	Read Replies (1) of 99985

I was posting an article quoting the head of block trading at Morgan Stanley. Someone who is on the firing line every day. Where it comes from is irrelevant. Haim, as I have stated before, I don't care what the market does. I'm a daytrader. The only positions I am holding for the longer term did quite well today and are immune to IBM's foibles. I don't have a personal stake in being right or wrong about what direction the market is taking. I just tried to gently suggest last week that the sentiment was getting a tad too bearish, just as it was too bullish when AOL was at 175 and CMGI at 330. When the whole world is expecting one thing, look the other way.

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