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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 689.17+0.2%Dec 11 4:00 PM EST

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To: fut_trade who wrote (42008)3/2/2000 11:12:00 AM
From: Michael Watkins  Read Replies (2) of 99985
 
There is too much mania out there for traditional technical analysis methods to work.

I could not disagree more. TA is more valid than ever... after all, price is emotion. We measure emotion.

Lets use ADBE as an example:

Message 12970283

I don't view it as a "lucky" call at all. The setup and entry were very specific, and I made them at midnight after the stock had made a very bullish run.

There is a lot of emotion in mania. We measure emotion...

Now some things, like the p/c ratio etc aren't precise enough for market timing... if that's your comment then I agree.
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