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

To: Vitas who wrote (34740)	12/5/1999 1:29:00 AM
From: Berney	Read Replies (2) \| Respond to of 99985

Vitas, I tend to always look at a little different! If we discount those views that we don't like, we may be lunch, be it Bull or Bear, on the menu. This is my first post on the MDA thread for a while. I made a few serious TA mistakes and dearly paid for them. Decided that it was time to just watch for a time. The mistakes are duly noted and time to move on! FWIW, I'll add my contribution to the thread: Message 12188024 Seems that Captain Jim has it nailed once more. As long as the fed is going to continue to swamp this environment in liquidity, it is silly to bet against it. Until this trend changes, it will blow away any TA consequences. To Dwight I'll say, you were absolutely correct. Tuesday the NAZ broke. Amazing what a simple move by the powers that be at the SnP could accomplish with adding YHOO to the index. By this simple move, they added two points to the SnP PE ratio. From every perspective, adding INTC and MSFT to the DJIA, to adding YHOO to the SnP, to Mr. G & Co. expanding liquidity, the powers that be seemed to be determined to ensure that the Market doesn't crack. My advice, FWIW, wait a couple of days after it cracks. Down is a reasonably long way! As I can surely attest, this is not the type of situation to try to short the Market or a stock. Berney