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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 687.86-0.4%Dec 29 4:00 PM EST

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To: HairBall who wrote (29548)10/14/1999 8:49:00 AM
From: dennis michael patterson  Read Replies (2) of 99985
 
Cramer this am:

So I have my discipline, which is to buy when it is most
painful. Why? Because the times when I have made the
most money is when it was most painful.

And it is very painful right now.
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If one is interested in trading for profit, I recommend Cramer's approach. While being a bear can be a laudable stance (aided by the patina of rigor which accompanies the analytic approach), such will sometimes blind one to the fact that strong stocks in strong groups outperform (see in this connection William O'Neil). For example, did anyone here buy Csco a few weeks ago at 66 when we had similar interest rate fears, and then sell it at 72?? How about Sunw at 86 then sell at 98? Opportunities abound (long and short). Be nimble! And good luck.
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