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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 14 4:00 PM EST

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To: donald sew who wrote (12767)	5/3/1999 9:00:00 PM
From: Jerry Olson	Read Replies (1) of 99985

Actually Donald... triangles can be both bullish and bearish..i trade them using both P&F charts that clearly show these formations, and also using candles thru a charting service i hold in high regard... you can trade both decending & ascending tri's...based on my reads for break out plays...triangles create presure for a major move...the question is which way..interpretation of these moves is how i make my living<gggggg>.... i now have a list of stock trades for the remainder of this month that's longer than my arm...it just keeps growing and growing..amazing...i'm rotating in and out of sectors...that's where P&F helps me a lot, showing which sectors have reversed UP and are now readying a move north..i then select stocks within that sector that have good charts...there are so many now it's very hard to choose... all in all Don, the markets and eco conditions, re: interest rates, inflation blah blah blah..are all to good to be true...with so much sideline money trying to decide when to get in i feel there's an enormous powerful run in the offing...with a floor in the selloff because of the buying power of the funds... anyway this was truly a remarkable day to remember..DOW 11,000..sensational... oh yeah, the nets got killed<gggggggg>........<gulp>......

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