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

To: Lee Lichterman III who wrote (30880)	10/21/1999 1:31:00 AM
From: Dwight E. Karlsen	Respond to of 99985

Whipsaws are getting harder and faster as they rip my charts apart making the turns harder to predict. I have to agree with KM, I wish this market would pick a direction and stay for a while. No way for us working stiffs to trade if we can't hold a trend for more than 6 hours. I sure agree with that. These large overnight changes are not very nice. It's getting beyond my comfort zone. I'll take whatever I can get for my calls in the am, then I'm going to stand back from the market for awhile. The overall sentiment is getting a bit too schizo for my tastes. Although, IBM has done this before. I recall a day a couple years ago when IBM took 20 minutes to open on the NYSE, while specialists tried to balance the flood of incoming orders. On that day, the stock opened down 10 pts, as I recall. Ironically, it was for the very same reason as now: Slowdown in sales of big iron and AS/400 minis.

To: Lee Lichterman III who wrote (30880)	10/21/1999 8:51:00 AM
From: KM	Read Replies (2) \| Respond to of 99985

I think there's precedent for extreme volatility of this type to be present at major trend changes, isn't there (such as theoretically, in this instance, a possible long term trend change from up to down - not that I necessarily espouse that). Another possibility to throw out counter to your thesis - J6P or whoever is sitting on cash feels like a fool for not buying last Friday or Monday, resolves not to let it happen this time and buys this dip. This market and volatility is heaven for the nimble daytrader who goes to cash every night. Good luck everyone.