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

To: sean sanders who wrote (19264)	7/2/1999 9:09:00 PM
From: Casaubon	Read Replies (1) \| Respond to of 99985

I have started reading Nisons second book, but his first was more relevent to my current direction. Also, point and figure charting, by Thomas Dorsey, is worth a read. I currently use IQC free charting service and draw trend lines by hand. I currently subscribe to the P&F service provided by Dorsey and Wright. I mainly used this as a learning tool, and not using it effectively currently. It could be more useful as a stock screening tool than the use I'm currently getting out of it. But, I'm spread too thin currently to be stock picking and trading. Education first! My goal is not to get into trades more quickly. My goal is to identify some upwardly mobile companies and time my entry exit points via trend analysis. I'm doing fine with the trend analysis but I'm now concerned about the overall bubble mentality screwing with my TA. This resulted in my taking half my money off the table preemptively. Also, I took my 401K out of the market in the beginning of the year (and put it in the most most conservative fund we're offered at work) as an ultraconservative manuever. I had just started questioning my investments because of the crash, and that lead me to SI, options (Herman Matos' thread) and the MDA thread. I also decided to wait until after the Y2K stuff to reinvest my retirement money. Maybe I'll miss the blow-off top but I won't be broke either. I thought using candlevolume would be useful, but I'm getting very used to the appearance of candlesticks and then applying the volume to the trend analysis. Therefore, I don't think I'll pursue candlevolume charting