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

To: michael r potter who wrote (28255)	10/3/1999 1:46:00 PM
From: JDinBaltimore	Read Replies (1) \| Respond to of 99985

Mike, You raise interesting, and complex points. The interesting thing, is these threads are extremely active this weekend. No offense intended, but most of the thread contributors are probably like myself; players - not market movers. The last couple of weeks a veil of concern and uncertainty has seemed to descend upon the threads. This pre-occupation with rate concerns, what impact it will have on markets, and current holdings. To stay or not to stay [in]. A funny clip from "Trading Places" when Eddie Murphy is giving advice to the Duke's about trading Orange Juice Futures. He tells them prices will rise, because it's Christmas and Tommy Trader's son needs GI Joe with the Kung Foo Grip so prices must rise to complete the chain of events with a positive outcome. The funny thing about markets is that they maintain a 10-90 rule. 10% require Fundamental and Technical Analysis, the 90% human nature or pack mentality, if you will. I don't believe one can truly gauge the power of that emotion. It only takes a small catalyst to trip a mass exodus. I read an article recently, about how a financial modeling institute recreated and back tested the 1929 market data, using sophisticated econometric models to determine if the crash, and subsequent depression could have been foreseen, and staved off. The answer a resounding NO!