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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: pater tenebrarum who wrote (18271)	6/23/1999 11:00:00 AM
From: HairBall	Read Replies (1) \| Respond to of 99985

heinz: I suspect the downside is not over, yet. But to soon for a free fall. If the Market does go back and fills the recent gaps before heading up (and I suspect it may), it will be a white knuckler for the bulls...<g> Comment: As, I have stated in several posts...if your not nimble wait for the Market to give a firm direction. Different reads from different folks are what make a Market. And, we all can not ALL be right. And, NONE of us are right all the time. At rotational corrections and consolidations like this, caution with the "nest egg" is always prudent. Monies are moving back and forth as the "new era" trader/investor shifts with the oscillation's from trend line to trend line. This can cause short-term de-couplings of the traditional relationship between the TYX and certain Indices as money transfers back and forth and the "big boys" take advantage. If you have speculative monies...ride the waves...but keep the nest egg safe until you get confirmation! And if long, keeping the nest egg safe may be no more for you than keeping a close eye on what is happening....and watching those trend lines for a significant break in the wrong direction...<g> 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.