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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 689.17

+0.2%

Dec 11 4:00 PM EST

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To: Jerry Olson who wrote (46466)	4/15/2000 11:16:00 AM
From: dennis michael patterson	Read Replies (2) of 99985

jerry, when I get some data on the weekend, I will post it. But I can tell you that the tick readings and down volume on friday were as intense as 1987. at least this is what I was told. I received an email alert at 2:30 to think about a QQQ trade with a 4:1 reward to risk ratio for a powerful snalback rally by tuesday. I am still thinking about it. These guys predicted 4450 would be make or break and they were right. They also have had accurate calls on the SPX. Favors has been wrong for about 2 weeks. I faded him. I went to cash in 80 percent of mutual funds last month and took the balance out weds. As for trading, I have been making small bets and doing ok. Small gains. Small losses. SUNW is my no 1 pick for growth. The report was outstanding. Looking to buy leaps on weakness. PMCS and RFMD as well. And NOK. Best to you.

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