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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 659.00+1.0%Nov 21 4:00 PM EST

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To: Robert Scott who wrote (82645)2/19/2002 9:36:12 PM
From: Tom Pulley  Read Replies (2) of 99985
 
Robert, looks like the beginning of a recovery to me too. Low interest rates, unemployment claims dropping off their peak, and finally a few CEO's saying something other than "no visibility". My market model went from all cash since early January to 50% long on the close today so I'll do some buying on the open. The QQQ has retraced about 50% of its gain from the Sept low, so this should be a safe place to buy unless Sept was a head fake and we are in a long term bear market (which I don't believe).

Tom
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