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

To: HairBall who wrote (28920)	10/9/1999 12:41:00 PM
From: bobby beara	Read Replies (5) \| Respond to of 99985

>>>I believe that the big boys use these behavior patterns and trigger points to manipulate investors.<<< LG, while manipulation may be possible in thinly traded markets, i believe manipulation is highly overated in the broader market, i think chart patterns fail because so many recognize the pattern and set themselves up for the expected event and when that event doesn't happen the pattern fails and people are trapped in the wrong direction. big boyz (and girlz) put their pant legs on one at a time just like us -g- bwdik

To: HairBall who wrote (28920)	10/9/1999 1:50:00 PM
From: HairBall	Read Replies (2) \| Respond to of 99985

To All: I do not like to give investment advice on individual issues, heck I am no guru. On occasion I get approached and usually I decline, but I decided to share some of one of my latest responses to a request... -------------------------------------- I do not see a reverse head & shoulders pattern. But I did spot a normal one. Keep in mind that h&s patterns are normally not very reliable. Rather than give you advice this time I decided to plot a QChart Daily Semi-log Chart for you and let you make up your own mind. homestead.com ------------------------------------------------- My QChart Trend Lines Green lines are resistance trend lines or resistance horizontal price action areas. Red lines are supportive trend lines or supportive horizontal price action areas. Gray lines are either resistance trend lines, resistance price action areas, supportive trend lines or supportive price action areas that have been broken. They can now act as either support or resistance depending on price action. Dark blue lines are formation lines. ------------------------------------------------- Be sure and save the chart if you want to refer back to it, as I will erase in the near future. Regards, LG

To: HairBall who wrote (28920)	10/9/1999 1:56:00 PM
From: dennis michael patterson	Respond to of 99985

LG, your "rambling" is always appreciated. ord has been negated. He said the top would be in the latest Thursday. it wasn't. I subscribed to him for the month of October (figured if any month would be the one to do it, this one would be!). I am getting real, real cautious here. I plan to take further profits Monday. I do realise that his is about percentages, and I appreciate your work.

To: HairBall who wrote (28920)	10/10/1999 1:21:00 PM
From: JDinBaltimore	Read Replies (1) \| Respond to of 99985

LG I am fascinated by the substance of this post. I want to start off with a bit of ramble myself then follow with a question. I have a trading model that is completely home grown of which I will never divulge. It was contrived - if you can believe this - from being a pilot. When you fly, and possibly you've never taken notice during overcast or night landings, that the pilot ends up on the runway, in most cases <g>. It is a learned process based on instrument interpretation, ie. IFR - instrument flight rules. Trust in indicators with no visual sight of reference to maintain you're life and land the aircraft safely! Granted, I don't believe financial markets are life threatening, But I fly the indicator until my objective is met. I only trade the SPX. I only trade when the indicator is very strong for a direction change, I only take in the money positions, I don't care which side I'm on. I take the position, and immediately place sell at 3.5 points above. There may be days when there are 4 clear signals, and days with none. The disheartening aspect of this system is you're out in 3.5 points, and you sit and watch a swing of 30 points. You hit the nail on the head with that MAGNITUDE indicator. I have an idea for one that I would like to develop, and would be willing to share the premise. Would you or any other thread followers be interested in trying to develop? Best Regards JD