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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 652.53-1.5%Nov 20 4:00 PM EST
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To: Vitas who wrote (34927)12/9/1999 1:43:00 AM
From: Haim R. Branisteanu  Read Replies (1) of 99985
 
Vitas all the TA is worthless those days as there is no explanation to the parabolic moves which are without any proportion to historic TA.

TA may help for short term moves, but othervise momentum trading is taking over which in itself is very very risky.

For example trading YHOO, QCOM, EXDS and other DOT COM by TA would be suicide. All shooting stars were invalidated in the mania.

bwdik
Haim
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