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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 670.92+0.1%Nov 7 4:00 PM EST

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To: Vitalsigns who wrote (69264)2/15/2001 7:39:51 PM
From: HairBall  Read Replies (2) of 99985
 
Vitalsigns: LG, will market hold the previous lows and stay within the channel ? I guess we are about to find out

I am not sure what channel you are talking about or which Index in particular. However, I am trading the intraday and short-term swings, so which ever way the market decides to go, I'll go with it.

For now, I have not changed my mind about the NAZ Comp. Of course I have been wrong before! It is always prudent before placing a bet, to have two plans in place:

A: What to do if you are right.
B: What to do if you are wrong.

That is one of the reasons I always stress stop loss points!

Regards,
LG
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