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

To: KymarFye who wrote (80665)	7/21/2001 5:03:33 PM
From: mishedlo	Read Replies (1) \| Respond to of 99985

The problem of waiting (and I am not saying it is the wrong thing to do) is it leads to nasty whipsaws. Imagine me closing my puts just as Eichler and BB were calling for higher. So if the confirmation is just another whipsaw then one would be horribly wrong reversing just as it was about to reverse again. So, I will scale back into the overall trend, which to me is clearly down based on numerous factors, (with QQQ puts, perhaps a few QCOM and BRCM puts). If we rise sharply Monday, I will be very very happy to take a smack at PMCS near 30 or MU above 40. M