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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 670.97

+0.1%

Nov 7 4:00 PM EST

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To: bobby beara who wrote (41821)	3/1/2000 12:08:00 AM
From: Michael Watkins	Read Replies (3) of 99985

Bobby - you are correct I was using a short term view on the CRB. No arguement from me that the trend over all is up. I happen to believe inflationary pressure is just around the corner and disguised... But by way of explanation, I use the short term view because I am looking for a price shock event to trigger a nasdaq or broad market fall. Until one happens, I play long and short as required. But I am bound and determined to play each major Nas swing short. Futures give me a lot of leverage... amazing what 200 or 900 NQ points @ 20$ per point per contract adds up to... and once well in the money I can afford to let them run their course. Regarding MSFT - I never take a long term trendline break without some caution. Failures are my fav... failure to go down is just as useful as a failure to hold a bottom... And I'm sure tanks use a lot of oil. ;)

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