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

To: Michael Watkins who wrote (41399)	2/26/2000 12:42:00 AM
From: Rarebird	Read Replies (1) \| Respond to of 99985

<Lets just skip the chest beating about the tech market and new era and that rubbish. I have sound reasons and 20 years of experience in IT including the mania technologies most loved by the market.> First of all, there is no reason to brag or boast to me about your experience. I couldn't care less. Secondly, when you refer to the tech market and new era as "rubbish" your talking outside the realm of your charts and your speaking like a typical bear with the accompanying moral garbage that comes with the label. I don't limit myself with a bearish or bullish tag. And I don't view what is called new era as "rubbish." I have to much respect for the tape to make value judgements. Moreover, I came to grips with new era years ago and I have profited from it to this very day. <I'm sure you didn't expect the stock to close over 8 points down from its high set just yesterday.> The stock market has become a gambling casino. I expected some profit taking in ADBE today, but not an 8 point drop. Neither did I expect PUMA to rise 26 1/2 points or 20%. In the last stages of a bull market, the most speculative issues blow off. I use stop loss orders to protect my profits. But I am not a day trader so I give my positions more freedom to move as long as nothing major has been violated. I have found it is usually more profitable to do so. <If it recovers, I will detect that too.> You will detect that after the fact. <Me, I just stick to the charts when it comes to making money. Long or short. Mania or not, I don't care> I don't care either. I have no preference for whether the Market is bullish, bearish or divergent. Until the divergence is resolved to the downside, it is NEW ERA.

To: Michael Watkins who wrote (41399)	2/26/2000 2:22:00 AM
From: Kailash	Read Replies (2) \| Respond to of 99985

Speaking of diabolical scenarios Michael - The Dow is being jacked down in a controlled manner, letting conservative money exit gracefully and the bubble deflate. Speculative and naive money goes into the Nasdaq, where market makers have a certain advantage: they don't need to maintain a market. Message 12978183 When the Nasdaq falls, even market orders may go unmet. Put the foolish money in a basket and let it drop. A mite too diabolical? <g> I suppose no conspiracy is required; it is simply the structural logic of the markets. Could someone have thought of it beforehand? Kailash