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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 670.92

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Nov 7 4:00 PM EST

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To: Mike Learner who wrote (83499)	10/30/2002 8:51:07 PM
From: Tom Pulley	Read Replies (2) of 99985

re: I like to follow your approach with the knowledge of having full responsibility for my own action if, of course, you would not mind to share your entries and exits on QQQ. No problem, I'll continue to post my entries and exits in the QQQ as I've done all this year. My timing model historically is correct about 65-70% of the time in terms of selling higher than it bought and covering lower than the shorts. So, it does tend to outperform the market over time, but being right 70% of the time also means I am wrong 30% of the time. And even when the model is correct, the QQQ often heads in the wrong direction for 5-10% before it reverses and provides a gain. So, despite what looks like a good steady track record for this year, there always has been lots of gut wrenching market moves in the wrong direction which test my faith in the timing model even though I designed it! Tom

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