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

To: John Madarasz who wrote (66319)	1/9/2001 12:42:33 AM
From: Boplicity	Respond to of 99985

Yep, the key word is patience that comes with waiting for bases and break outs. BEAS did it to me today. Companies can be doing great, kicking ass, but until the market can accept current valuations, they will be on the defensive and prone to analyst negative whims. Maybe the FED can change the psychology surrounding the market like a wet blanket, but maybe they can't wring out the selling that quick, most likely it will have to dry out on the line for awhile. It's worth waiting to find out, unless you are trading the intermediate trends that is. Greg