MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 21 4:00 PM EST

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To: Eric Wells who wrote (34994)	12/10/1999 6:13:00 PM
From: Lee Lichterman III	Read Replies (1) of 99985

Heinz gave you a great answer regarding TA and does it self fulfill but I will add one thought to your question. If everyone agrees that a stock is going one way or the other, then the opposite should be expected since the market historically moves in such a way as the fewest people get the most dollars out of it. Only 30% of daytraders succeed in staying alive and less than that get rich. I have many an investor that is losing money right now in this "Bull Market". Most fund owners are under performing due to either the wrong funds or maintenance fees etc. Momentarily we may all agree on a direction but if too many get on board, there are enough isolated people with big enough wallets to pressure that direction enough to turn it the other way and make it profitable for them while everyone else is figuring out that the momentum has shifted and switches sides allowing those few that caused it to profit from the now numerous late comers. Good Luck, Lee

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