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

To: Kemo Sabe who wrote (68806)	2/9/2001 3:42:07 PM
From: JRI	Read Replies (2) \| Respond to of 99985

Kemo Sabe- Normally, I'd agree with you....problem is, we are now end-of-day (with little time left)...nothing ramped...other indices (Dow,etc) breaking down...weekly charts not so hot.... I think it makes more sense to sit cash over weekend, then buy-and-hold....I reckon the chance for a gap down equal or better than gap up on Monday.....now I'd buy (some)any gap down.....but any gap up likely to get sold anyway, so why not wait for sell-off? Hard to be optimistic about the last 2 days- despite oversold conditions...20 minutes left, let's see if something can be squeezed out (maybe just short-covering, however).. Good luck...we'll see..maybe I'm cutting it too close..