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


To: Michael Watkins who wrote (62772)11/17/2000 8:12:53 PM
From: John Madarasz  Respond to of 99985
 
Remember, Technical Analysis is only about measurement. Based on the measurement, we can then develop some if/then/else rules as to what to do. Frequently doing nothing is the best approach, however many seem to forget that standing aside is a viable option.

Very Good Post...

perhaps the most difficult aspect in trading to master I think... knowing when not to trade.

Have a nice weekend,

John Madarasz



To: Michael Watkins who wrote (62772)11/17/2000 10:57:02 PM
From: el paradisio  Respond to of 99985
 
Michael...nice to see you here again. <doing nothing is the best>.... agree,that's what I was doing today.
Well, I like your statement <if/then/else rules as to what to do>...
VIX....how the VIX went red yesterday with INDU and COMPX sharply down.....do you have any explanation?
Thanks,
el
PS...Quebec referendum was also 50/50...



To: Michael Watkins who wrote (62772)11/18/2000 3:09:27 AM
From: c.hinton  Respond to of 99985
 
About speculators; " They will sell without knowing the motive,they will buy without reason." "the expectation of an event creates a much deeper impression upon the exchange than the event itself." "who makes it his business to watch these things conscientiously,without blind passion and irritating stubborness,will hit upon the right thing innumerable times,though not always." " He who has entered the circle of the exchange is in eternal agitation and sits in a prison,
the key of which lies in the ocean,the bars of which are never open."
Joseph Penso de la Vega 1688