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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 680.28-0.5%Dec 1 4:00 PM EST
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To: bobby beara who wrote (83642)1/28/2003 9:54:39 AM
From: Tom Pulley  Read Replies (1) of 99985
 
My timing model gave the signal after the close yesterday to go from 25% short to 50% long. So, I closed the short and went 50% long QQQ at the open today at $24.77.

I'll post more information tonight when I get some time. Some good indicators are not near capitulation levels, so I suspect that this will be either a short term move up followed by a further decline, or the market will just continue down despite the model's signal (remember that the model is right only 65-70% of the time and therefore is wrong 30-35%).

Tom
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