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


To: Tom Pulley who wrote (83715)4/7/2003 10:23:43 AM
From: Tom Pulley  Read Replies (1) | Respond to of 99985
 
Looks like I get a chance to add to my short position after all. I'm going to add some shorts to my personal account here at qqq of 27.07, however for the purposes of tracking the timing model results, I can't add to the 25% short position until we see the signal at the close today.

Every indication at this point is that this rally is part of a topping process. Of course, the topping process could continue to move the market higher if we get more good war news every few days. Killing or capturing Saddam would surely be worth another 50 Nasdaq points! Interesting position to be in, I'm hoping and praying for continued success in the war; while each new success results in a drop in my net worth! (vbg)

Tom