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

To: Mike M who wrote (76206)	4/30/2001 11:28:13 AM
From: Temple Williams	Read Replies (1) \| Respond to of 99985

Mike, during the day I basically use the Spoos chart, not the cash (since I trade Spoos) .... and that suggested a break of 1271.00 by around 11:00 am ... so that sort of worked out ... but to answer your excellent question, I guess price is more significant to me than time (in a trending market, bullish or bearish, but NOT neutral). That's because the price can be used, in a trending market, as a rough target. Of course, I am constantly updating the Spoos chart during RTH. Gotta get back to work. Hope this answers. ps ... in a non-trending (neutral) market, stretchmarks screw up everything, time and price. Everything gets shifted sideways as the burn premium. Point is, I try to trade different markets according to what the market is doing, not according to what I want to see.