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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 685.40

+1.2%

Jan 21 4:00 PM EST

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To: Stcgg who wrote (82628)	2/7/2002 1:45:15 PM
From: Tom Pulley	Read Replies (1) of 99985

Not a pretty forecast from that Gold Digest link you submitted unless you are long gold. I'm thinking a little more bullish now that there has been a correction to the run-up after the September lows. My model gave the signal to buy back its 25% short position as of the open this morning. The price for qqq was $36.00. The model is now 100% in cash, but not too far from going long. Here are the year to date trades and results: - January 2nd: buy qqq at open 39.57......$100,000 in qqq. - January 4: sell qqq at open 41.95.......$106,005 in cash. - January 7: short 25% of account at open 42.11......$79,504 cash, $26,491 short qqq. - February 7: buy back qqq short at $36.00......$109,829 in cash. Year to date: qqq is down 9.0%, CB model is up 9.8%. Tom

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