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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 691.66

-0.1%

Jan 16 4:00 PM EST

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To: Boplicity who wrote (62034)	11/8/2000 2:36:10 PM
From: eichler	Read Replies (1) of 99985

G That's the funny part of FA, it is hard if not impossible to decide from which angle you wish to perceive. The beauty of TA is you simply sell the break of the rising wedge, start looking for fib retracements down below on various timeframes to be aware of potential targets. You get to ignore the election hoopla and itz myriad complications and projections. Mr. Market has a mind of its own. I'm not berating the value of FA (the reason behind the TA), only that FA has better probability of sucess long-term, TA is far superior short term. I would not ignore the probability of a rally within the next couple days. I guess what I'm trying to say is "the logic behind the selling today" is only applied 20-20 rear-view vision. Mr. Market decides what "logic" on what day to follow. <gg> Regards, Eichler You got a good riddle...

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