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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 683.21+0.2%4:00 PM EST

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To: pater tenebrarum who wrote (38406)1/28/2000 5:36:00 PM
From: Michael Watkins  Read Replies (1) of 99985
 
Heinz,

I think its emotions and self-fulfilling prophecy mostly.

Different players play in different time lines. A bear flag forming on a 5 minute chart has little importance to the money manager moving millions, however a test of top on a daily is probably a lot more interesting for that same manager.

So formations in longer time frames have more ultimate impact.

And that's why I haven't traded long (well once, intraday, I admit it) since Jan 18.

Cheers
Michael
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