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

To: KeepItSimple who wrote (33676)	11/18/1999 3:27:00 PM
From: Jon Tara	Respond to of 99985

I am short QQQ from yesterday. Wish I'd waited a day. :( I didn't want to take a BIG bet, and didn't want time working against me, so I avoided options (though, they are so cheap...). If I make SOME money in a correction, I am happy, as I don't think it's generally a good idea to bet against the primary trend. Does anybody really beleive that the market could move up significant here without a correction? Would a final "blow-off" just defy the indicators that are suggesting that a correction is imminent? (VIX, RSI, in particular.) I run a MACD of the RSI that seems to work pretty well. It signaled a sell today in spite of the move up. I made my decision based on the indicators, the insiteful comments I've read here, and the fact that my day-trading strategy stopped working yesterday. (I'd posted here a couple of days ago about my recent day-trading escepades, and vowed to go on the short side as soon as it stopped working...) Could somebody elaborate on the liqudity scenario? Maybe I'm dense. How does the Fed printing money actually put it into the hands of investors to put into the market? My salary doesn't increase, and my 401K doesn't have cash materialize in it. Can somebody do an "econ 101" explanation?