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

To: dclapp who wrote (26513)	9/21/1999 12:41:00 PM
From: Matthew L. Jones	Respond to of 99985

Doug, If you will read my posts on this thread as well as several others, you will find that I am long term bullish, but short term I have been calling for a correction. I've been very specific as to my reasoning. When I hear some "clown" come on CNBC and make the statement that "every time there is an A/D divergence with the market, there is always a correction, historically" is as unproductive to me as saying that every time living people go to sleep, they eventually wake up, historically. I mean come on! Geez-- of course the market corrects, And CNBC brings that clown on with his pious attitude who points out (like he has just now discovered it) the fact that the A/D line is and has been in a divergence with the broad market for 16 months. So what? We can short this market (like he would suggest) and effectively spit into the wind, we could do nothing (maybe go on CNBC and prognosticate) and quit making a living, or we can go with the trend until it runs its course. Any student of the market can clearly see that there are some fundamental problems in this bull market, but if we want to make a living at this business, I'm afraid that we have to go with the trend (even if we have one foot on the throttle and the other on the brakes). Times like these are what makes us better traders. Anybody can make money when the bull first leaves the gate. Matt