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

To: Haim R. Branisteanu who wrote (34928)	12/9/1999 10:30:00 PM
From: Vitas	Read Replies (2) \| Respond to of 99985

Haim, >>> all the TA is worthless these days as there is no explanation to the parabolic moves which are without any proportion to historic TA<<< I think I disagree with that premise, because TA is all about following what a stock actually does instead of fundamental analysis which argues that the stock can't be doing what it is doing for various fundamental reasons. An automatic is that if a stock breaks out to a new high on good volume, you don't argue with it; you stop yourself out (if short). As I recall many traditional fundamental measures stopped working in 1992 when the dividend yield/t-bill ratio hit 3 or whatever and the market didn't back off like it was supposed to. >>>TA may help for short term moves, but othervise momentum trading is taking over which in itself is very very risky.<<< so I guess we play it by the short term - with gambling money -g- Vitas