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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: bobby beara who wrote (45384)	4/7/2000 8:19:00 PM
From: Zeev Hed	Respond to of 99985

Bobby, I was fortunate to finish getting into 70% cash by the middle of last week, I started buying late Monday and got back up to 20% by 2 PM Tuesday, by late Wednesday I started to unload some of the more obscene jumps (like SNDK from $73 to 108). Finally, yesterday and early today, I got back to about 15% to 20% cash. I am going to sit and watch (I need the rest after this crazy week) for the next two weeks or so as the market attempts a 62% retracement to just under 4600, and if 4600 on the naz is taken out, I'll wait a little longer and go back to about 70% plus cash, so that late in May, I'll be ready for another trip. This year is kind of fun, the volatility is quite huge, and I have been fortunate to have my head handed to me only in few occasion (premature reentry into some SC's and dutifully taking the losses when the pain threshold was reached <VBG>). Good luck Zeev