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


To: HairBall who wrote (43806)3/22/2000 8:34:00 AM
From: Terry Whitman  Respond to of 99985
 
I am reminded of a quote from the Univ. of Wisconsin basketball coach that i read a couple of days ago:

"The only job easier than being a critic is a Maytag repairman."
<g>



To: HairBall who wrote (43806)3/22/2000 8:36:00 AM
From: Lee Lichterman III  Read Replies (1) | Respond to of 99985
 
>>Frankly I did not think the small price action area that came into to play on the NYA chart, would! <<

Those wouldn't be the ones I asked you about but since you still aren't talking to me, blew me off?

Message 13245721
"Are you reading your NYSE chart as a bull flag and bounce off 625 (oct 98 SRL)......"

Nothing has changed IMO, still a stock picker's market. My charts are 50/50 with some longs and some shorts. Yesterday was a knee jerk reaction but I think we will see more stocks falling once the total all out mania changes back to the normal regular mania. At that point the wheat will be seperated from the chaff. I also have one of my main indicators showing only 2-3 days up at the MOST for the broad market so even if we do continue the run here, we should top out short term by next week.

I have 1530 as the top on the SPX, the NASDAQ I am not sure of either way. The old tech still looks good, the B2Bs are split and the biotechs are still weak but some of the older generals look ready to continue north. The highly volatile ones like I singled out yesterday in my comments off our site put in what look to have been hammer bottoms and should be close to lows if not already there.

Since I am a bottom picker versus a mo mo trader, there isn't much I like here but there is money to be made on both sides still.

Oh by the way, it just breaks my heart that my favorite POS missed last night. I may have to rush and throw a party to celebrate. MU never disappoints... my expectation to continue to be a dog with fleas. <ggg>

Good Luck,

Lee



To: HairBall who wrote (43806)3/22/2000 8:48:00 AM
From: lurqer  Read Replies (3) | Respond to of 99985
 
Questioning someone's expectations and or analysis on this thread is fair game, as long at it is done in a cordial and respectful manner.

Questioning is fine, especially if backed up by an alternative analysis. Scoffing at the market not behaving as predicted is the sign of someone who has not "been there and done that". No one can consistently predict all the short term "wiggles". What's amazing is how close some skilled practitioners come.

lurking...

lurqer



To: HairBall who wrote (43806)3/22/2000 10:21:00 AM
From: Stephen  Read Replies (2) | Respond to of 99985
 
LG .. idiots, idiots everywhere ... what can I say ... except that I really appreciate your work ... thanks again

Stephen



To: HairBall who wrote (43806)3/23/2000 12:31:00 AM
From: Dwight E. Karlsen  Read Replies (1) | Respond to of 99985
 
"After reading your ridiculing comments at the bottom of your post, you failed to comply with the thread guidelines"

LG, my comments were not ridiculing you. I spoke in an exaggerated manner, but my reference to "some level of Abby J. Cohen nirvana" would not apply to you, unless you are Abby J. Cohen. Since your initials are LG, I doubt this is the case. Furthermore, I asked you a question, which you decided to ignore. I asked about the falling SRL, and whether or not it was still that, or had it turned into something else.

I will have to assume that you don't know. Nothing wrong with that.



To: HairBall who wrote (43806)3/23/2000 12:55:00 AM
From: Dwight E. Karlsen  Respond to of 99985
 
LG: Another thought from me is, you should lay off the martyr thing: "Some of us do expose ourselves by sharing our work and expectations".

If you will check some of my previous posts on the MSFT thread, you would know that I also "expose" my analysis and expectations. I have also posted negative comments on the QCOM thread, regarding the QCOM chart. And yes, I took criticism. And yes, I even use TA! And no, I didn't get in a huge snit about it. I hope you aren't under the delusion that you are some kind of lone ranger out there wrt laying out opinions and analysis. Regardless, you certainly have thin skin.