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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: Tom Pulley who wrote (83495)10/30/2002 3:09:59 PM
From: Mike Learner  Read Replies (1) of 99985
 
Hello Tom, I am new here. I liked what I read on your post "I came to this approach since 70% of a stock's movement is based on the market direction and 20% is based on the sector......leaving just 10% of price movement based on the particular company. So, I decided to spend my time working on the factor that results in 70% of price movement instead of the factor that results in 10% of price movement."

I have also read that 20% of our actions create 80% of our results. I like to follow your approach with the knowledge of having full responsibility for my own action if, of course, you would not mind to share your entries and exits on QQQ.

Best Wishes,

Mike
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