MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 695.42

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Jan 28 4:00 PM EST

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To: Stcgg who wrote (50284)	5/11/2000 8:36:00 AM
From: HairBall	Read Replies (1) of 99985

Stcgg: I read your link...some of Robert J. Rak statements... Some (myself included) won't be so exact. Rather, they will look for 33% and 67% retracements. THIS IS NOT A GOOD IDEA...you may choose to execute ahead of the crowd but don't change the levels! I choose to try and draw a best fit line rather than drawing across absolute tops and bottoms. VERY WRONG...drawing patterns and trend lines like this is the primary reason folks draw patterns that don't exist or trend lines that prove to be useless! In my opinion, this guy is a prime example of how NOT TO draw charts. Regards, LG

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