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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.04

-0.1%

Dec 9 4:00 PM EST

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To: Chip McVickar who wrote (65740)	1/3/2001 5:02:04 PM
From: eichler	Read Replies (2) of 99985

If I understand his commentary correctly from yesterday, he was/is expecting a trend change 1/11. His best guess was that if no rate cut, then a low 1/11. He mentioned if he was completely wrong, and there was a rate cut, then to expect a high on that date. Hope that helps. I haven't been very diligent keeping up on my reading lately, so I'm not sure if there was an expected trend change on/around today. Actually, if I recall correctly, he was calling for a trend change a few weeks ago at the end of 2000, beginning of 2001. Close enough I guess. Guess I'll have to re-think my current attitude of not going long, or wait until 1/11 for shorting opportunities. If we get a pullback from today's monster move, I will most likely go long until 1/11. If no pullback, I may just wait. Thanks for inspiring me to check up on Hahn's commentary. Regards, Eichler

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