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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 689.100.0%Jan 23 4:00 PM EST
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To: Rock_nj who wrote (83928)9/2/2003 2:36:56 PM
From: Tom Pulley  Read Replies (2) of 99985
 
It still seems possible that we will get a sharp correction of at least 10-15% on the Nasdaq this fall. After all, this has been a long run up without a correction of the magnitude needed to shake out the optimism (thus setting things up for more upside in 2004). I'm expecting/hoping we get a correction and I can get a good short trade in, then become fully invested on the long side later this year. But for now, the model still says stay at 50% long.

Tom
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