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


To: Challo Jeregy who wrote (24736)9/3/1999 10:03:00 AM
From: Lee Lichterman III  Read Replies (3) | Respond to of 99985
 
>>Should always go with the gut!!!!! <<

I disagree, I have the trade receipts to prove going with the gut can hurt. <g> Although Don did have a buy signal, we were over sold and I had a signal 2 days ago which even if the report bad should have at least limited the dip not well but as compared to if we were at the top of a cycle if you understand what I mean and J6P Friday before a 3 day weekend.

These situations are where it is better to say woulda coulda shoulda than be poor in the morning saying I should have known better as you watch your money disappear.

1000 positive TICK and OEX having trouble getting a couple more points. TRIN back up to .4 and TYX back up slightly. May get an entry here soon.

Note GZ is looking for a short entry today. Just thought I would mention it.

EDIT - Benkea - Thanks

Good Luck,

Lee