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


To: Crimson Ghost who wrote (49928)5/9/2000 11:05:00 AM
From: HairBall  Respond to of 99985
 
George S. Cole: Not an easy market at this time to be perma bullish. Folks can profit most from this current market by trading with the ebb and tide.

Just a quick thought on TA....it works differently for each person. The outcome greatly depends on the tools one chooses to use and the ability of the user! Thus the outcome varies for each...

However, I often chuckle when folks state its insignificance, but I no longer choose to waste my time defending it anymore! Heck, I can't see any better way to argue the validity and usefulness of technical analysis than what I have been doing day in and day out...posting my charts and analysis...<g>

Good trading all...

Regards,
LG



To: Crimson Ghost who wrote (49928)5/9/2000 11:19:00 AM
From: Fun-da-Mental#1  Respond to of 99985
 
Again today shows the Nasdaq is the leader. Once the Nasdaq falls a few percent the NYSE starts to follow.

The past couple weeks the VIX has stayed consistently high despite the market's rally/trading range, and the XAU has started to track the market inversely. To me this indicates the market makers are trying to hedge against another big drop.

Fun-da-Mental