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 (10008)	4/6/1999 4:18:00 PM
From: HairBall	Read Replies (2) of 99985

Robert Graham: The next phase is the sentiment driven market. This is when your technicals say PULLBACK NOW and the market continues to go WHOOSH on upward. So much for most short term technicals. In this case, the technicals are more used for more purely artificial guidelines or measures to delimit times for personal buying and selling that any timely indication of market movement in terms of the buying and selling by the public. And these guidelines need to continue to be adjusted inline with market enthusiasm and type of stock that is being traded. No offense, but I think you are confusing technical trading/investing with fundamental investing. Of course, there are some hybrid systems that combine what I consider technical analysis with fundamental analysis to make trading or investing decisions. I use both for medium to longer-term evaluations, but I actually always trade based on a technical system...always. For intraday or very short-term completely emotion driven plays like most of the "internuts", I look for the stocks that are being driven by news, events or even price point crossings...gambling in its purist since. Once I find one, I time my trades completely by technical indicators...always. Regards, LG

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