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

To: Matthew L. Jones who wrote (30710)	10/20/1999 8:59:00 AM
From: KeepItSimple	Read Replies (3) \| Respond to of 99985

>Are you guys throwing in the towel? Matt Yes. There is a fundamental reason why the market CANNOT go down for any period of time. It's called CNBC. That network is the source of 99% of daytrader/broker information. They control the mood of the market. The analysts and maria bartiromos are ALWAYS pumping stocks. What else do you expect the market to do? After all, if we crash and stay down, all the CNBC employees will be out of jobs. And people will blame them for the crash if they are EVER the least bit negative.

To: Matthew L. Jones who wrote (30710)	10/20/1999 9:01:00 AM
From: Benkea	Respond to of 99985

Matt: "I'm starting to get worried as I see several of you guys teetering on the ragged edge of capitulation. Where is the resolve? Are you guys throwing in the towel?" LOL! I was starting to get the same eery feeling <g>.

To: Matthew L. Jones who wrote (30710)	10/20/1999 9:14:00 AM
From: HairBall	Respond to of 99985

Matt: It should always be about making money or preserving capital if one's choice was wrong. The better traders/investors do not think twice about covering and or reversing if they determine they were wrong. Now having said that, during last years decline, several SI posters (some post on this thread now and some rarely do and some don't post at all on MDA) went (bottom is in) bullish each time the Market began a rising consolidation pattern. Some now claim to have called the top and bottom of that Market correction...<gg> Food for thought... Regards, LG

To: Matthew L. Jones who wrote (30710)	10/20/1999 9:15:00 AM
From: donald sew	Read Replies (1) \| Respond to of 99985

Matt, >>>> Come on you guys... I come here for my balance. I am naturally bullish and need a good dose of bearishness to stay in check <g>. I'm starting to get worried as I see several of you guys teetering on the ragged edge of capitulation. Where is the resolve? Are you guys throwing in the towel? <<<< Agree, I dont see any firm evidence of capitulation, but we need to keep in mind that we also have SECTOR ROTATION whereby we should not ignore the possibility that some sectors can still move up strong and even set new highs, while the major indicies may just stay in a lower trading range. My feeling is that as long as we still see the extreme SECTOR ROTATION, such will limit both the upside and downside. If we see all sectors weak with no sector rotation, then that may be a clue that some sort of capitulation for a mid-term bottom. The reverse to the upside would also be true. seeya