MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

+1.0%

4:00 PM EST

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To: bobby beara who wrote (76412)	5/2/2001 10:12:30 PM
From: FrozenZ	Read Replies (2) of 99985

I actually didn't mean to sound like I'm bashing AS since right now momentum trading is probably the best way to play this market. Right now I'd like to see the Vix in a higher range before I take a long position. Whether that happens before the fomc meeting is debatable but I have infinite patience. If things are not oversold and participants in a fearful panic I'll just do other things and wait for the inevitable. I sold all long positions today and didn't go short but I'll be back when I see a clear indication.

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