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

To: Robert New who wrote (77106)	5/16/2001 2:40:14 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 99985

Hey, I am not "that bullish", I have a target of 2388 on the Naz, when we get close to that number (if we are not stopped before that at the major resistance at 2250), I'll decide how to play it further...It turn out that getting out April 19/20 while not extremely "useful" (we are very close right now) surely was not leaving anything on the table...Quite a number of the entries I got in today were at prices under those I sold a month ago. I won't mind staying on the sideline again for a month until I see if it is consolidation or distribution. Right now, last month looks as if it was "consolidation" rather than distribution (g). I still do not like the high equities P/C ratio, mind you... Zeev