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


To: Hector who wrote (64064)12/9/2000 11:10:30 PM
From: John Madarasz  Read Replies (3) | Respond to of 99985
 
Are You Bullish?

According to the underlying rationale of the commitment of traders,

human nature dictates that you are not long because you are bullish...

rather you are bullish because you are long.

I think this is the current status of the majority of players in the market now...

HOPE...COMPLACENCY...WISHFUL THINKING

Sentiment indicators confirm this position.

The upper band of the rising 90 trading channel is the true indicator here of support and resistance.