MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 681.92

-0.7%

Dec 31 4:00 PM EST

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To: Compadre who wrote (9599)	3/31/1999 11:00:00 PM
From: StockOperator	Read Replies (2) of 99985

Jaime, The best way to play this is just let the market tell you where it is going rather than anticipating the move. Just be patient and the market will tell you when it is ready to come down. I couldn't agree with your statement more. I think your advice should be taken seriously during all phases of the market. Regardless of whether or not it's advancing, declining or just going sideways. I have looked at many charts over the years and I've found that prior to almost every advance or decline the market left clues to those impending moves. Granted some may have been very short and the window to act very small. But nevertheless the clues were there. Of course everything is premised off of good-solid TA. And although your ability to do so will most likely put you in a place where you are anticipating a move. It's waiting for that definitive sign by the market that will often prevent you from being whipsawed out of your position. Regards, SO

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