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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 671.910.0%Nov 14 4:00 PM EST
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To: James F. Hopkins who wrote (16169)6/6/1999 8:12:00 AM
From: donald sew  Read Replies (1) of 99985
 
Jim,

Thanks for your post. It is no secret that for the short/intermediate term I am still bearish, but that is not the issue. What is important is to have a logical approach to TA.

After Friday, I am hearing a more bullish tone after only 1 day's performance. A market is not made on one day and I would be suspect on an system that could predict market direction on 1 day. Of the bullish arguements only a few had some logic; most were based on emotions and feelings. I will give credit to some analysis like BOBBY's and JERRY's which had a sense of logic/system, but they were few from the bullish side.

My point is not who is right or wrong, but to support ones position with some substance, rather than gut feelings. Hey the gut feelings that this correction may turn out to be right, but that is not the purpose of this thread. The purpose of this thread is to share knowledge and experience and to have a forum for the readership to learn how to make their own decisions.

Just want to promote more posts with substance regardless of one's position, with the hope of minimizing the one line gut feeling comments with little or no substance.

seeya and thanks
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