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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 691.88-0.3%Jan 30 4:00 PM EST
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To: Mike M who wrote (70031)2/22/2001 1:53:11 PM
From: Zeev Hed  Read Replies (2) of 99985
 
We reached the turnips' target of 2200, but we did not get the sentiment indicators to give us a "good bottom:, so I'll have to wait up to 2388 on the Naz before I decide that this is the real bottom, my guess is that it is not and this rally will be sold furiously this afternoon. At one point this mtning I got to barely 20% cash, but sinc, I took my profits (and few losses) thank you and am back at more than 50% cash.

Zeev
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