MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 681.43

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Dec 2 4:00 PM EST

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To: HairBall who wrote (40701)	2/18/2000 8:57:00 PM
From: Michael Watkins	Read Replies (2) of 99985

LG - I'm with you, I don't put any real faith in H&S, patterns because I don't use them as a setup for any trade I might take. I note the pattern when I see it, but don't trade based on it. My approach is to note them because others note them, although I think fewer people pick out the inverse H&S. intelligentspeculator.com The cyan lines give an idea of the picture I am seeing. But honestly, even if it plays out I won't have traded based on it, I just try to be open to different scenarios especially if they are the most unlikely, as those are the most diabolical and likely routes for the market to take! ;) Cheers Michael

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