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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.21

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To: dennis michael patterson who wrote (41530)	2/27/2000 11:13:00 AM
From: HairBall	Read Replies (2) of 99985

dmp: Heck, all TA is based on opinions based on DATA! So, yes my views on distribution are opinions, but based on data in the same way all technical analysis is based on data. All technical analysis is for the most subjective, don't you think? Heck, all analysis is opinion based on data technical or fundamental! Then you say...I think everyone's been distributing old economy stocks. Heck, everyone believes that-- a lok at the charts shows that. Yeah, everyone is saying that NOW, after it has already occurred by the "big boys" and the stock are now being moved down. I get a kick out of this... I was pointing out the distribution as it was occurring, while the Dow was rallying into the first of the year. I don't believe there were many folks responding to my view then! Right now I can't think of one, can you? Now the Monday morning quarterbacks are everywhere...<g> Oh and by the way, I updated my chart page last Sunday and once again posted my COMPX (NASDAQ Composite) chart where I am pointing out the distribution going on "in your face" once again....is any one looking? I suspect the Monday morning quarterbacks are to busy pointing out the distribution NOW occurring in the Dow stocks....hehehe Once the charts start tanking the flush has already occurred...get it? Regards, LG

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