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


To: David Loomis who wrote (48545)4/28/2000 1:22:00 PM
From: HairBall  Respond to of 99985
 
David Loomis: Good points and I don't have the time to answer your post thoroughly today, sorry it deserves a better reply! I would just say that in many bearish consolidation patterns the price rises. Often these rising consolidation patterns are mistaken as reversals. Of course, sometimes it turns that they are just that...reversals! For now I don't see the downtrends broken for the COMPX or NYA, yet!

Until they are broken I will remain cautious. Notice I said yet...<g>

Like I was saying to James...we look at the clouds and some see different images! I could be wrong, the market has proven me wrong more than once I assure you. We are all just giving MDD our best educated guess...nothing more, nothing less (hopefully)!

Let me state it another way, I suspect if I am wrong, the market will let me know today in a definitive way...<g>

Good trading...

Regards,
LG