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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.47

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Nov 28 4:00 PM EST

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To: dennis michael patterson who wrote (41443)	2/26/2000 8:27:00 AM
From: HairBall	Read Replies (2) of 99985

dmp: As I remember this thread was not yet started, so many of us were hanging around the BK thread and the TSO thread. The TSO thread was not really the place to discuss market direction as it was an options thread. Ground Zero went long Oct 8, 98. I got a buy signal with the closing numbers that same day. If my memory serves me correctly Oct 8 was a Friday and I made my signal known over the following weekend. However at the time, I was not sure it was a continuation of the bull market, only that it was at least a medium-term trend. I am sure there were others, they just don't come to mind this early AM...<g> In today's market I am not looking for the long-term trend just the short and medium-term ones for now. So hopefully we on this thread will collectively catch the pivot points both up and down. That is why I started this thread. So far we have done pretty well, I think. Of course this thread was also started to attract folks to present and discuss opposing points of views. MDA/MDD hopefully will never be unanimous that was never my intention. More is learned from folks discussing opposing points of view than from a forum where a group of folks gather to agree! Actually yesterday I was more long than short. I jumped in on the ISIL and DTHK IPOs. I made a couple of nice round turns on both issues. Hint...When timing first day IPO's I use a short intraday time interval for my indicators. Regards, LG

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