MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 652.53

-1.5%

Nov 20 4:00 PM EST

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To: Robert Graham who wrote (9992)	4/6/1999 2:51:00 PM
From: HairBall	Read Replies (2) of 99985

Robert Graham: sell the rumor, buy the fact I have never heard that one, seems backwards to me... I find with sentiment driven markets short term indicators of market sentiment prove to be very worthwhile to follow and can be very revealing of where the market will go next, at times even better than short term technical indications. Heck, I think the Markets have always been sentiment driven for the most part. To keep us less emotional, I think short-term technicals are a necessity. Together with the price action of select indices and stocks can reveal much about the markets current health and underlying strength. This assumes the bigger technical picture is intact. What price action, of what indices and what stocks are you talking about? And, how can select indices and stocks reveal the market is going up if the “bigger technical picture” is NOT intact? Just trying to understand your logic...<g> Regards, LG

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