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


To: HairBall who wrote (67406)1/21/2001 3:01:15 PM
From: iod_sherwood  Read Replies (2) | Respond to of 99985
 
Looking for Rising Wedge examples in the past?

On the major indices... notably the COMPX... anything?



To: HairBall who wrote (67406)1/21/2001 3:10:14 PM
From: Crimson Ghost  Read Replies (1) | Respond to of 99985
 
LG:

I like you analogy comparing traders reacting to sharp price movements to a cattle herd spooked by pistol shots.

I would add though that MAJOR MOVES over time usually reflect changing fundamentals rather than manipulation. Traders buying and selling from technical indicators can be spooked by the manipulators but INVESTORS who know the merchandise are a whole nother breed of cat.



To: HairBall who wrote (67406)1/23/2001 7:25:54 PM
From: Kemo Sabe  Read Replies (1) | Respond to of 99985
 
LG,

Thanks for your charts over the past couple of weeks. They've complimented my work, and helped me be on the right side of every trade for the past couple of weeks. I wonder how many other folks like me there are out there...

Yup, the Naz is re-inflating & quick. TXN warns & SOX ends up .61%. Keeping my eye open for an end to this swing, but it looks really good-to-go at least until just prior to AG's appearance Thursday. Me thinks we'll be @ NAZ 3000 before then. Take care!

Kemo Sabe