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

To: Michael Watkins who wrote (60830)10/18/2000 8:56:10 AM
From: HairBall  Read Replies (1) | Respond to of 99985
 
Michael Watkins: Always nice to read your professional approach. Frankly, I have found the market easier to read than normal as of late...<g>

After Brinker's call surfaced on another thread, some of the TA'ers began to see bullish charts yesterday morning...<g> I thought to myself, am I looking at the same charts?

When reading charts, one has to stick to a very strict set of rules, thus preventing one from allowing bias into the read. If one draws trend lines or chart patterns loosely, one can often get charts to speak any language they want, bull or bear. Unfortunately, I see this too often.

Good trading...

Regards,
LG



To: Michael Watkins who wrote (60830)10/18/2000 1:11:30 PM
From: shamsaee  Read Replies (1) | Respond to of 99985
 
All points well taken.My belief and what I know of TA says we move up.I see divergence with the compx and oversold.This is just a personal observation as most people who are looking for a bottom tend to miss it anyway only to realize later.I don't buy on margin and have a very long time horizon so I am willing to invest in tom. winners at high valuations.


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