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

To: HairBall who wrote (33150)	11/11/1999 9:50:00 AM
From: j.o.	Read Replies (1) \| Respond to of 99985

Thanks for an honest impression, LG - In fact, due to the way we work, running a flat book, we're actually much happier if our customers trade well! In that sense, our situation is much like that of a MM on the floor who sees rising markets and knows that it can only benefit his business that investors on the aggregate are doing well. We've seen a lot of people playing the range in the Dow, and that has worked quite well for them. If you would prefer, I can limit my posts to my views...but at the moment I'm more or less sidelined, waiting either for: 1) that Nasdaq channel trendline to either be taken out to the upside or fail convincingly. BTW - The Dow also hit a nice 61.8% retrace when it briefly traded above 10815 a few days ago... 2) the bonds to break above their highs from Tuesday (I'm slightly short into the test of the downtrend channel resistance which we hit on Tues) 3) Sterling to show what it's made of and break higher! We've made a nice 50% retracement (at 1.615) of the entire GBP/USD upmove, and are now looking to see if there are buyers for anything but $ out there, or if the $ and US stocks are going to rally endlessly <ggggg>. Happy trading! j.o. indextrade.com