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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.63

-0.3%

Dec 8 4:00 PM EST

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To: Compadre who wrote (9894)	4/5/1999 8:30:00 PM
From: HairBall	Read Replies (1) of 99985

jaime choy: I know you pointed no one out with you post. Allow me to just say, not all that believe the Market internals stink, expected the Market to tank back in Feb & March. I had bullish formations on my charts and stuck by them. I stated back in late December that the Market would take six to eight weeks to reveal a topping process. I believe that process began to reveal itself at the end of that eight-week period which was at the end of Feb. I have some bearish formations of which one resolved and one has been negated. The signals are often mixed at major market moves and major market turns. I have been seeing a lot of post with the following what the market is telling us, let me tell any and all that have been using this in their post as of late.... The Market reveals nothing, you have to research, analyze and give it your best-shot, period. There is no one soothe sayer that has a lock on the ability to see the "simple" signs that so many of us just can't seem to see. The truth is there are several on this thread that have remarked about the impending decline and have remarked about the non rally supporting internals, but have also called the rallies along with the dips. This thread has a very good mix of opinions. The reason the slant is bearish should take no soothe sayer to understand. The Market is in a bubble and has been for a very long time. That does not mean it can not go up more, but it should dictate to all that they should not speculate with the retirement funds, the kids college money or the down payment for the house money. Folks, if you must bet on another rocket boost to new highs for this Market use your speculation money until a clear trend is established. There is nothing wrong with being in cash during uncertain times in the Market....nothing! The old prospectors knew...when the grubstake ran out...the search was over! Protect your stash...nothing wrong with leaving a few bucks on the table. If the Market is truly off to another bull leg, there will be time to get on board at the first stop. CAUTION IS BETTER FIRST....THAN TEARS LATER! BWDIK Regards, LG

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