MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

+1.0%

Nov 21 4:00 PM EST

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To: John Madarasz who wrote (70264)	2/23/2001 12:40:57 PM
From: HairBall	Read Replies (2) of 99985

John: I have another strong support area for the NYA at 611/12. The NAZ Indices are testing their support lines for their in play falling channels. The overall market fell lower than expected today, but I still think it is very near a significant bottom, at least for the NAZ. I may well be leaving a few chips on the table by reversing from net short positions this Wed to shopping for long positions. We shall see...I just have to follow my work. I wished I had been short QCOM, but heck you can't catch all the declines. QCOM short positions have been very good to me in the past...<g> Getting very busy... Regards, LG

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