MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 681.53

+0.2%

Dec 2 4:00 PM EST

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To: bobby beara who wrote (82381)	11/8/2001 10:15:02 PM
From: t2	Read Replies (1) of 99985

bb, Thanks for your comments. I have been been holding longs since the lows on the Nasdaq but getting a little nervous--and therefore lightened up a bit. I never really understood the rydex indicators? Is the level of shorts still very high in those compared to recent months? Too many still expect a retest. I think several factors will push the market for a bit longer and still avoid any retest of the September lows. I am looking at the low short term interest rates for money markets (still hit a record this week in assets) as some sort of support to protect against the downside from these levels and therefore willing to keep a lot of longs still out there.

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