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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 687.01

-0.1%

Dec 30 4:00 PM EST

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To: el paradisio who wrote (53305)	6/7/2000 6:53:00 PM
From: Stephen	Read Replies (1) of 99985

el p ... its looked like distribution since last Thursday night !!! The difference is ... with a sentiment change, bids are coming in. New money is only really necessary when the sentiment is negative. If people will only sell for a higher price, the market can rise through rotation. If the specialists then feel confident to mark up prices ... and continually find buyers ... it all becomes self-fulfilling. I too dislike the market (but thats my problem) & closed my positional longs yesterday ... which subsequently lost all their gains. But - they got them all back again today ... what to do ... GG. I'm happy enough to hold overnight - at least until we get to the thick of the earnings warning period. But generally I agree ... trading is safer. Unfortunately, when the market is this strong, there's a good chance of missing the morning gap-up .... Anyway ... as long as one makes money ... I guess opportunity cost vs risk is a personal evaluation .... Stephen

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