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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 687.57

+0.7%

Dec 10 4:00 PM EST

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To: Patrice Gigahurtz who wrote (83298)	7/16/2002 11:57:06 PM
From: Greg Jung	Read Replies (1) of 99985

Whether you buy first or sell first there's no difference if you're just trying to buy low, sell higher. Generally the pain has been alloted much faster to the short positions: the short scare rallies have gone up 10% at the gun and continues, whereas the far down market action has usually been accompanied by bounces - going long (and longer) on an extreme down move was quickly rewarded with a tradeable bounce. We dont seem to be bouncing here where everybody thought it was supposed to the best hope I can extend is, we are in the middle of a new range but there is no guarantee.

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