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

To: HairBall who wrote (60837)	10/18/2000 9:07:46 AM
From: Michael Watkins	Respond to of 99985

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. LG, couldn't agree more. I can remember falling into the same traps myself once upon a time. Wow, 300, or is it 1300 (just flashed) contracts offered on the NQ at limitdown. Its going to be a very interesting open. Best regards - good trading all. (cash is not a sin!)