MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

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To: Doo who wrote (36781)	1/5/2000 9:05:00 PM
From: Paxb2u	Read Replies (2) of 99985

Jeffry, I'll admit to the world that I've been confused by this market for the past year. I've been staying about 75% cash with a few poots on QQQ. Everything I own pays a healthy dividend. I won't be trading those. The only answer I can come up with is the FED is supporting this market. Otherwise TA and value investing would make sense to me. The daily chart for the NAZ Comp was in the overbought area of 14 day stochastics until today. It crossed down today--supposedly a sell signal, but stochastics havn't meant much in the recent past. I can't figure it out so I stay out. I won't just throw money out there without understanding why directional moves are being made whether that be in equities or bonds. Peter :o)

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