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

To: pater tenebrarum who wrote (18715)	6/28/1999 9:22:00 PM
From: HairBall	Read Replies (1) \| Respond to of 99985

heinz blasnik: Well, I went with a Market call going with the normal break of the bullish formations, which is up. However, more than anytime I can remember my stuff is conflicted. So while I expect the formations to resolve normally, I am remaining cautious. Even an initial break could be a head fake by the big boys. I think cases could most easily be made for a down draft. The majority of non informed investors (JQP) are only going to pay attention "after" something major happens. I don't believe the bottom is going to just fall out of the Market in one day, no more than I would expect a 2000 point one day rally in the Dow. So playing ones cards close to the vest should be good enough. Now betting with options or futures is a game I do not play, and I assume that would be a different strategy... (Don't get me wrong a 2000 point decline is possible, but I don't expect "the" decline to start off that way.) Heinz, quite frankly with times like this, I usually try and filter out all the noise. (The talking heads.) I usually play it via pure TA, that has served me well, at least so far. Regards, LG