MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 690.31

0.0%

Dec 26 4:00 PM EST

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To: Patrice Gigahurtz who wrote (83251)	6/30/2002 5:52:08 PM
From: Tom Pulley	Read Replies (2) of 99985

I don't really have any idea as to the significance of the 3:30 time. As far as the first quarter growth of 6%, makes me a little nervous that earnings were so weak given that growth. All the indications are that the recovery is progressing along fine though, so we should see a bounce back in earnings in time. My market timing model still hasn't given a buy signal although it getting a bit closer. Makes me quite nervous not to be in the bullish camp given that many of the good timers on SI feel that we have put in the bottom last week. Sitting out a good run-up in stock prices is not pleasant.

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