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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 665.67

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Nov 17 4:00 PM EST

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To: Eric Wells who wrote (31276)	10/24/1999 8:53:00 PM
From: KM	Read Replies (1) of 99985

Eric, you say you started selling long positions in April and finished in July. Was this because you figured a major top was in place? Or, was it the general worries, interest rates, Y2K, etc. weighing on the market until the end of the year. LG posted not too long ago that he feels an important top is in place and provided very substantial evidence in his charts. That's a pretty strong call and I take it seriously. Wondering if you had the same feelings and what were you looking at to come to that conclusion. I'm no perma bull or bear. I'm not an investor. I prefer to hold things for the shortest period possible.

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