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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 670.31-1.1%Nov 6 4:00 PM EST

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To: dennis michael patterson who wrote (44440)3/30/2000 4:26:00 PM
From: HairBall  Read Replies (2) of 99985
 
DMP: all I said -- and I said it publicly -- was that some folks on MDA have been calling tops for years, to no avail

Actually MDA/MDD has only been around since 12/98. And you actually said: The MDA folks have been calling tops for as long as I can recall: and they have been consistently wrong.

I thought it only fair for the regulars of this thread to see what you had to say about us on another thread. As I understand it you are a published college law professor who frequents the lecture circuit. I would presume you know how to express what you mean in writing. So, I took what you wrote at face value....

Many tops AND bottoms have been correctly called on this thread. Not only by me but by others as well. Of course, none of us are right all the time. What you seem to fail to realize, is that every time someone calls for a top, does not mean they are calling for "the" top. I have only called for "the top" twice in my life. Once in August 87 and once last year. Last year I must admit, I did it by front running my indicators, as I thought Y2K fears would trigger the next top. It obviously did not. I was wrong and posted such several times on this thread.

However, much of what I was expecting to see Nov/Dec of last year, began to occur with the beginning of this year. This time I have not been so bold to say "the" top is in the making, but I have taken defensive measures and have suggested others begin do the same earlier this year.

By the way, my skin is not thin and I am not wrapped in plastic. I just don't like someone who hangs out with me, busting me and or the folks I hang out with, from behind. I don't like it in real life or virtual life...

Regards,
LG
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