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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 689.17

+0.2%

Dec 11 4:00 PM EST

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To: Sweet Ol who wrote (83531)	12/9/2002 10:02:19 PM
From: Tom Pulley	Read Replies (1) of 99985

I am short on QQQ...... I am nervous as a cat on a hot tin roof. John, I'll bet that roof's not as hot after day. You can relax a bit. A good day for us shorts but still expecting that there will be a time before yearend to go long again. It is interesting though that a lot of trend indicators are really breaking down and the sentiment indicators aren't indicating extremes so this down move might still go on awhile. Time will tell. stockcharts.com[e,a]daclyyay[pb50!b200][vc60][iUg!Ua12,26,9!Uj[$SPX]]&pref=G If OBV breaks down sharply I might change my opinion, but as of now it is still holding up enough to give me hope that this downdraft is just setting up a buying opportunity somewhere in the next week or two. Tom

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