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

To: bobby beara who wrote (23225)	8/17/1999 8:44:00 PM
From: Gary Wisdom	Read Replies (4) \| Respond to of 99985

anyone that has been net long for more than a week has been wrong? I can't agree with that statement at all. If you've been in the right stocks (semis, energy, redback systems <ggg>) you've been right. Plus many many other stocks too. The Dow based at 10,549 for this go round. That was hardly enough to impact the portfolio of anyone that owned Dow stocks. And since the S&P is cap weighted, the fact that it took a 10% correction really doesn't tell the whole story on many stocks. I appreciate you're a bear and probably do very well. However, there's more to this picture than the dark side. As for the indicator not serving any purpose for you, well, I don't get paid for touting it. Sorry it doesn't do it for you but it sure has helped me make some money this past week on the long side. You should try it (going long) sometime. Trust me, it won't kill ya. <ggg>