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 (3364)	1/7/1999 12:27:00 AM
From: j g cordes	Read Replies (1) of 99985

The whole point of being a trader is to try and capitalize on predictability. A chart is a tool which looses its edge when too many rely on it. Everyone says... "hey, look.. its a double top, time to sell and go short." But from that predictable top the markets leap to higher highs, just to squeeze the shorts when they can best be squeezed. Then when it looks like we're on our way to even higer highs support fails, puts and shorts do well, because that's where the easiest money is made.

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