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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 660.19

-0.8%

Nov 18 4:00 PM EST

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To: Investor2 who wrote (9494)	3/30/1999 5:14:00 PM
From: StockOperator	Read Replies (4) of 99985

I2, I read statements like that on SI every week. It is always "next week" when it will be easy to forecast the direction of the market. I hope reading one post is not your idea of good due diligence. Before buying shares of a company I try to look at the whole picture. I try not to be rash just because I'm seeing the price move up one day. The same thing should apply when making judgements after reading only one post. I will admit that it's a little bit more work to go back and find how that one post relates to a person's overall thinking. My comments about "next week" were related to the number of divergences present on the charts for some of the market leaders. With the market breaking into new highs I would expect some of these divergences to clear themselves up real soon. Possibly, even "next week." Good trading. SO

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