MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 672.07

-1.7%

Nov 13 4:00 PM EST

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To: HairBall who started this subject	7/9/2001 11:57:07 AM
From: t2	of 99985

Saw some trader on CNBC from Solomon talk about how this period seems very similiar to end of march. To me it also seems very similiar...enough reason for me to go aggressively long again. He also brought up the possibility of short covering rallies if we get some positive news. I am now concluding that there is just too much risk in being short the Nasdaq right now. One is better off taking long positions. I decided to dump my puts and buy some calls this morning (to go along with my long tech positions). We are setting up for a major move higher, imho....only in the short term. Stocks like JNPR, CIEN are even up today. That means a rally to me.

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