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

To: KevinMark who wrote (66055)	1/5/2001 8:40:20 PM
From: eichler	Respond to of 99985

Kevin, Your observations are right on the Mark. I know that this kind of market is great for making money as is any market. I think LG's performance this week bears that out. As for myself, lately I've had more effort required from me by my business and I have not enjoyed the luxury of watching as much intraday action as I would like. Also, I think the best way to make money for a while has been on the short side. Sell the rallies, cover on a new low (gg). Problem is, the lower we go, psychologically I have been having trouble feeling any level of comfort shorting at low levels. Longs can only be held short term. Basicly, I just haven't had the energy to deal with such a wacky, volatile, whip-sawing price action environment lately. I guess I'm taking a breather here as I feel we should be near an IT low, but I want the proof now first. A break of the downtrend line would do it for me. Until then, I'll be watching from the wings until I can muster the energy to combat again. It's a jungle out there! ggg Best Regards, Eichler