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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 674.96+0.9%4:00 PM EST

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To: StockOperator who wrote (12195)4/28/1999 10:53:00 AM
From: HairBall  Read Replies (1) of 99985
 
StockOperator: Having read a few of the exchanges this morning, I am inclined to give you some support. Even though it is not needed...<g>

All that read this thread on a regular basis, know you have been timely bullish into this rise into April. What you have been doing is prudent and commendable. You have been reading the Market on a more short-term basis looking for confirmation of the resumption of the rally into April after the pullback and retest.

This offers caution for those not sitting on a profit and are thinking about jumping into this rally based on bullish expectations at this point.

In other words, if you already sitting on "long" profit cushion, you can afford to hold if so inclined. If you have not yet anted up, the prudent thing would be to wait for confirmation of which direction the train is going and then jump on the train just at it leaves the station...

Regards,
LG

Disclaimer: My posts are my opinions only and I reserve the right to be wrong on occasion. Do not base any investment decision solely on anyone's views or analysis. Do your own research and take responsibility for your own investment decisions.
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