MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 660.19

-0.8%

4:00 PM EST

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To: Haim R. Branisteanu who wrote (50946)	5/16/2000 6:39:00 PM
From: Zeev Hed	Read Replies (1) of 99985

Haim, I must agree with you, someone was distributing until 2:30, just minute before the fed announcement I started lightening up, by 5 minutes after the announcement, I was back at 60% cash. Since we never had extreme readings in many of the sentiment indices going into this rally, and the VIX closing on 25 (a lot of complacency), I believe we have a good chance of topping. If you press me for a date and time, the local top should arrive around 2:30 PM tomorrow (now, that was in jest!!!!). Zeev

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