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

To: GS_Wall Street who wrote (83128)	5/1/2002 11:05:18 PM
From: Rock_nj	Read Replies (4) \| Respond to of 99985

We're not going down to September lows. That was an extrodinary circumstance that was a direct result of the 9/11 terrorist attacks. It's been reassuring to see the market bounce off the 1650 area twice. Unless the news gets really bad or another terrorist attack happens, we probably won't fall much below 1650.

To: GS_Wall Street who wrote (83128)	5/13/2002 10:00:44 PM
From: Tom Pulley	Respond to of 99985

GS, just got back from a couple weeks out of the country and haven't been reading SI so I just saw your post to me of May 1. I've been surprised by the weakness of the market and my model is weakening quickly. One or two sharp up days could easily send me back into the bearish camp. I'm hoping that we just go sideways awhile and let the indicators I follow get back into position to allow a good run up, but right now they don't look too good and could easily become bearish.....just have to wait and see what happens. At 1720 or so, my model gave one of its best buy signals that has about 80% success in the past, but I guess that still leaves 20% of the time it will be wrong. This could have been one of those times. I'm going from 110% invested to 100% invested in the morning, then we'll see from there. Tom