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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 670.92

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Nov 7 4:00 PM EST

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To: dennis michael patterson who wrote (39005)	2/3/2000 10:28:00 PM
From: dclapp	Read Replies (1) of 99985

Dennis, Interesting and honest post -- as always! you said: >>... The proper advice would have been to check the 50 DMA on the big caps and see if these stocks bounced off support. uh..yeah. I've been doing a similar thing, as I hedge selected stocks in the QQQ against my overall QQQ short. I just buy the ones "bouncing off the line" and sell the spikes (a la LVLT a couple days ago). the Big Idea in the ongoing hedge/short play is that I'm long the "real stocks" -- intc, csco, coms, et al; and short the Fleabays :) in the index. It's been an interesting dance. To be honest, I'm more "playing with my money" than anything else (because I can, for one reason :) But, in doing it, I've been very aware of the money rotations in the QQQ -- and you're right...the money moves in at the MA "hits" and sells the spikes -- just like we learned in Stock Speculation 101 :-) Good luck!

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