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

To: Tom Pulley who wrote (83629)	1/15/2003 1:10:58 PM
From: doniam	Respond to of 99985

So far so good...Thanks Tom -Don

To: Tom Pulley who wrote (83629)	1/17/2003 1:51:11 PM
From: Challo Jeregy	Read Replies (2) \| Respond to of 99985

very nice call, Tom.

To: Tom Pulley who wrote (83629)	1/20/2003 10:39:22 AM
From: Tom Pulley	Read Replies (1) \| Respond to of 99985

So far this doesn't look like a quick pullback as the indicators I follow aren't moving toward the bullish range much at all. In fact, I suspect if we get one or two up days my timing model will go to a higher short percentage than the current 25%. stockcharts.com[e,a]waclyyay[d19990101,20031231][pb13!b39!i!f][vc60][iLb14!Lg!Lc20!Lf]&pref=G S&P500 weekly chart still can't break its 39 week moving average, RSI 13 can't get above 50, money flow on this rally was weaker than the 2001 rally, etc. I was hoping that we would break some of these barriers on this rally, but since we haven't my forecast of a positive year this is at risk. The Venezuela oil strike is lasting longer than I thought it would and is quite a lot of oil to take off the world market. And now we hear the Iraq war won't start until March (previously I was hearing February) so we have one more month of uncertainty. And the market doesn't like high oil prices or uncertainty. Tom