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

To: Haim R. Branisteanu who wrote (77376)	5/24/2001 9:00:20 AM
From: Zeev Hed	Read Replies (3) \| Respond to of 99985

Haim, I don't know if we just trade sideways here or take another hard hit down. My indicators are balanced between bullish and bearish stance, with few extremely bearish and not too many extremely bullish. It was different when we were at 1630 on the Naz, and easy to be bullish, at 2388 I think we are going to meet a lot of resistance. I believe we will need another major down turn before I can be more bullish. Right now, I simply took profits in most positions and am waiting to see what kind of patterns and market psychology develop. Zeev