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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 690.38

+0.4%

Dec 24 4:00 PM EST

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To: Paul Shread who wrote (83788)	5/2/2003 1:56:19 PM
From: Tom Pulley	Read Replies (1) of 99985

Paul, there is a good chance that I will go to 75% short after getting the end of the day results. If so, that is as bearish as I can get! I was just looking back at last year and see that I underperformed in April last year also. But May was a good month so hopefully the same will happen this year. Nasdaq bullish percent relative strength is another indicator showing the market is getting stretched out on the upside. stockcharts.com[e,a]waclyyay[d19960701,20031231][pb12][vc60][iUb7][J6454307,Y]&pref=G This run-up has been much stronger than I expected, but it seems likely we would see some type of a pullback here as we test the December '02 Nasdaq high. I notice that the Dow is not as strong as the Nasdaq and S&P500 lately. Tom

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