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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 671.910.0%4:00 PM EST
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To: t2 who wrote (75539)4/21/2001 12:36:53 PM
From: Robert New  Read Replies (1) of 99985
 
Did sell a couple of positions into strength on Friday but continue to hold most of my long positions. Some stocks are up 3x where they were just 2 weeks ago...e.g. emlx et.al. Continue to favor storage and software. Still think the risk/reward is to the upside and if we do get a pullback next week on 2.2 billion shares or less (hopefully less) then I will be adding to/initiating positions. Next week should be quite telling as to the sustainability of the most recent gains. Watch that volume!
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