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

To: bobby beara who wrote (83384)	9/3/2002 11:34:03 PM
From: Tom Pulley	Read Replies (2) \| Respond to of 99985

Bobby, what are your charts telling you today? We seem to be at a critical point here...........is this a correction in the month-long uptrend or are we on our way down to see new lows? The technical indicators in my model are all over the place right now and a number moved bullish after today's close while one moved bearish. As an example, the put/call ratio is back up to 1.04 after hitting about 0.5 just 11 trading days ago. Net result is my model went from 100% cash to 50% long so I'll be buying tomorrow. I don't have much confidence in that call, but I guess if I don't have a good handle on market direction.......50% long is a reasonable position. Tom My model's results year to date are below: Ytd up 9% vs qqq down 43%. - January 2nd: buy qqq at open 39.57......$100,000 in qqq. - January 4: sell qqq at open 41.95.......$106,005 in cash. - January 7: short 25% of account at open 42.11......$79,504 cash, $26,491 short qqq. - February 7: buy back qqq short at $36.00......$109,829 in cash. - February 20: go 50% long, buy qqq at 34.9......$54,904 in qqq, 54,915 in cash. - February 22: go to 100% long at open, buy qqq at 33.61.....$107,780 in qqq. - April 25: Went to 110% long at open at qqq of 32.3. - May 14: Sold 10% of long position going back to 100% long on open at qqq of 32.05.....$102,687 in qqq. - May 15: Went to 100% cash next open at 32.54....$104,247 cash. - May 27: Went to 25% short at next open at 31.47. - June 10: Went to 100% cash at open......$106,802. - July 3: Went 50% long at open at 23.85....$53,391 in qqq, $53,401 in cash. - July 5: Went to 100% long at open at $25.26. Total 4352 shares qqq long. - July 22: Went to 110 % long at open at $23.85. Total 4787 shares qqq and margin debt of $10,385. - August 16: Sold 10% margin at open at 24.08. Long 4308 qqq and $1122 cash. - August 18: Sold 50% of position on August 19 at $24.84. Now at $54,617 cash and 2154 shares qqq. - August 26: Went to 100% cash at open at 25.35. Now at cash of $109,211. - Sept 2: Will go 50% long at open on the 3rd. QQQ closed at 22.64.