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

To: American Spirit who wrote (76598)	5/7/2001 10:57:07 AM
From: TWICK	Read Replies (1) \| Respond to of 99985

I got my bottom spanked on PRSF this morning :-(

To: American Spirit who wrote (76598)	5/7/2001 11:02:31 AM
From: t2	Read Replies (1) \| Respond to of 99985

Expecting the market to rebound by day end. There are still some out there recommending taking profits on the big move in the Nasdaq in the last little while. Of course, they are not talking about the fact that the Naz is still down for the year. No big deal. I am looking to add some more longs this morning...in tech. There is still a heavy short bias among the professionals, thinking how can the Nasdaq keep all its gains (and that thinking is very rational too!). I am using that kind of sentiment to capitilize a bit more in long trades at this point. Adding many right now.