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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 694.04

+0.7%

Jan 9 4:00 PM EST

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To: Casaubon who wrote (83706)	3/19/2003 9:22:32 PM
From: Tom Pulley	Read Replies (1) of 99985

If you believe in channels, the Nasdaq has formed a clear one with the tops being a high in early Dec'02, Jan'03, and now. stockcharts.com[e,a]daclyyay[d20011001,20030319][pb13!b50!i!b200][vc60][iLp39,13,7]&pref=G Also the stochastics look very similar to last year with peaks in early Dec of '01 and '02 followed by lows in early to mid February of '01 and '02. The sharp rally in early March '02 looks similar to this rally, both on decent volume. So, from a channeling standpoint this looks like a time to go short to me. In addition, my timing model also signaled to go to 25% short at the open Thursday. Tom

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