MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

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To: HairBall who wrote ()	12/9/1998 10:06:00 PM
From: Jon K.	Read Replies (3) of 99985

LG: David J. has recommended this book - A good book for beginning into TA is "Using Technical Analysis" by Pistolese. Do you have any recommendations for TA and charting books for a newbie? (I decide to buy a few books on this subject) If you could also give a few good web site on this subject, that would be nice. What I learned in school was that the market goes up and down randomly, therefore you cannot predict any better than 50/50. If this is true, obviously this site is useless. But I see such a great popularity of MDA among SI users, you guys must be doing better than 50/50 odds. In your past experience... could you please share with me what is the % of predicting the direction of the market correctly in each categories? - 5 min. in to the future - 30 min. - 1 hour - 1 day - 1 week - 1 month If you can get better than 50% on any of the above category, then it is definitely worth it to study. Otherwise I should spend my time somewhere else. Let me thank you in advance for your help. Jon

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