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

To: bobby beara who wrote (76412)	5/2/2001 10:12:30 PM
From: FrozenZ	Read Replies (2) \| Respond to of 99985

I actually didn't mean to sound like I'm bashing AS since right now momentum trading is probably the best way to play this market. Right now I'd like to see the Vix in a higher range before I take a long position. Whether that happens before the fomc meeting is debatable but I have infinite patience. If things are not oversold and participants in a fearful panic I'll just do other things and wait for the inevitable. I sold all long positions today and didn't go short but I'll be back when I see a clear indication.