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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 677.58

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Nov 5 4:00 PM EST

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To: John Madarasz who wrote (47179)	4/18/2000 2:54:00 PM
From: Benkea	Read Replies (2) of 99985

John: "Just kind of feels like a short term trap... a little bit anyway" Well, there just had to be a monsterous amount of short positions before the panic buying began yesterday given everyone was looking for "Black Monday". I cashed in 10% to 40% gains today in several positions bought yesterday. You'd think those kind of gains would be taking out a schitload of short stops!

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