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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 662.63+0.4%Nov 19 4:00 PM EST

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To: HairBall who wrote (12496)4/30/1999 11:20:00 AM
From: HairBall  Read Replies (1) of 99985
 
To All: I just have to add the following to my previous post;

All this cautious talk has more to do with where one is in their respective investment strategies. If you are sitting on a comfortable profit pad in long positions, one can hold and watch. If you are just thinking about jumping into a long position (med/long-term), you may want to wait for a firm trend to be revealed.

If you are a daytrader or short-term swing trader, heck profit from these strong intraday and 2 to 3 day swings, I do!!!

MDA is only part of an investment process. (Unless you are investing in Index funds, options, futures or stock baskets.) Additional analysis should be done for sectors and individual issues.

It really is about your own unique investment priorities. Just be careful and ALWAYS have a game plan. (Have a entry point, profit point and very importantly a stop loss point for each and every investment or trade.)

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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