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

To: pater tenebrarum who wrote (25693)	9/14/1999 9:10:00 AM
From: Robert Rose	Read Replies (1) \| Respond to of 99985

<one day, everyone will want to exit at the same time, just as happened with the nutz after the April highs.> As we all know, the worst one-day exit in recent times was in Oct '87, a 25% haircut. The dot corrected about 30% over a two month period starting April 1999, giving any but the most obtuse (yes, I was one of those <g>) plenty of time to exit with most of their net worth intact. So I am operating under the premise that I must be willing to suddenly (if perhaps temporarily) lose 25% of my portfolio's value if I am to play these stocks to the hilt, as I do. That said, go agil, iiji, and icge!!

To: pater tenebrarum who wrote (25693)	9/14/1999 9:23:00 AM
From: j.o.	Read Replies (1) \| Respond to of 99985

Morning Heinz...if futures are any indication, the Dow looks like it will open below its recent trading range (looking at the hourly chart) of the past 10 days. That conincides with departure out of the nice triangle formed on the 10-min chart to the downside... Looks like we'll have a nice down day here. This is beginning to look like a nice 2nd wave down from the recent highs. I see initial support (off the early Aug lows connecting through the early Sep lows) at just over 10,800. If that goes, one has to call into question this long-term uptrend. One to watch. This could get very interesting very quickly. Good trading! j.o. indextrade.com