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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 665.67

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Nov 17 4:00 PM EST

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To: donald sew who wrote (5884)	2/9/1999 9:17:00 PM
From: j g cordes	Read Replies (2) of 99985

Hi Don, this afternoon someone asked me if the market acted like other physical flow forces, for example water flowing down a slope. It was an odd but compelling question which I had a ready answer for of course (no pun intended). It remains an interesting analogy to speculate if prices find a course of least resistance or find a course of greatest opportunity. Other descriptions provide more useful predictive qualities which we're familiar with (wave, cycle, channel, measure, trend), but in many ways these qualities also describe flow. In fact they draw their meaning from similar observations. The most critical difference it seems is that water flows over a fixed terrain while prices flow over an emotional landscape (which perhaps reflects a fundamental unfolding of experience) who's gross patterns are often repetetive. To the extent prices are repetetive they become opportunistic targets for trading. As you might suspect this is better appreciated with a good cabernet. <g>

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