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

To: bobby beara who wrote (49920)	5/9/2000 10:46:00 AM
From: marginmike	Read Replies (1) \| Respond to of 99985

I was reffering to your nasty post towerds me, not them. It may just be your demeanor, and over time ill understand it better. As for TA it can change the probability of a trade, not predict its outcome. As we speak The BKX and INDU look strong in face of nasdung. If the trend continues then it might have bottomed out already. We will know by the 16th, if they keep rallying in the face of Hikes it is telling us the Fed is almost done. If that is indeed the case the naz has 10-15% downside more at most. Listen to the market, just like on the way down it will give you hints to the future, however there are no guarentees and one needs to be fluid. I see test of NDX 3306 next on line. if we dont hold there it will get ugly. IMHO. #506 broke and I expect selling to accelerate throughout the day.