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

To: bobby beara who wrote (41829)	3/1/2000 12:41:00 AM
From: Michael Watkins	Read Replies (1) \| Respond to of 99985

Of course oil doesn't matter. Don't be silly :) I got family with oil in the blood; my wife and her brothers were raised in Australia, Denver, Paris and Libya, Nigeria... her dad worked in the biz... before landing in Calgary. I'm not joking about the military using a lot of oil... forget China - any operation got way expensive these days and maybe its that cost that Sec. Richardson is more concerned about. Might get in the way of the surplus. Man, charts are way easy. Way less mind numbing that trying to outthink the world. My personal goal is to be within 100 points of "the top" of Nas. Maybe much closer... Canada markets dropped today on a "good news budget" But by Tuesday's close buyers were running for cover after liquidity vanished in the futures market, said ScotiaMcLeod Director of Equity Investing Fred Ketchen. ``There suddenly turned out to be a distinct lack of liquidity,' Ketchen said, which often translates into a slide for the stocks behind the futures, which are trading on a forward basis. I know what that man is talking. Mid day liquidity on the ND futures dried right up, with some of the lowest trading volumes I've seen in weeks. And this on a supposedly major bullish day... whatever it means, it means watch carefully tomorrow. While I still "think" that triangle will resolve down (the most diabolical plan of all), it doesn't matter, because I won't "act" until things say move! Either direction. But remember... I'm just itchin' to press that master sell key, and smash my "cover" key into smithereens <ggggg> (and despite the rumours, I do have a "go long" key on my machine LOL!)