Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Eddy Blinker who wrote (77279)	5/21/2001 8:17:27 PM
From: t2	Read Replies (1) \| Respond to of 99985

Eddy, thanks for pointing that out. I mean it. Many lessons were learned along the way; no doubt about it. Lately, I feel very confident in being able to predict market direction and my reasoning has been very sound. I don't have time to dig out the recent posts and show how the market reacted afterwards. I have hot streaks and I am on one right now. That is all I can say about it. Now, I have the added experience of having gone through a bear market that was rough but I did allright (thanks to some diversification into other sectors). One cannot get too confident about market direction. It is obviously not that easy. On MDD, i have put out my logical reasoning and it has worked the way I had expected...up until now.<g> Tomorrow, who knows. I TRADE mostly in tech but do INVEST in a diverfied manner. The idea was to learn from mistakes and make adjustments; sometimes late, sometimes early. The market is bigger than anyone. The idea is to be the right side of the trade more often. That is my strategy and it has worked for me, even when the market went down after the Microsoft ruling. In hindsight, I don't believe it was the ruling itself; it was the initial stages of the bubble bursting. I have gotten the right calls since late March--calling the Naz bottom; including predicting the suprise rate cut while everyone else was saying that it was not going to happen..it was being priced out of the FED fund futures; same goes for reaction to the Cisco warning, and the rest of the expected earnings that week and the expected market reaction. I had hot streaks like this before as well. Now, my comments have a more rational arguments behind them. That is something learned over the last year..fund flows etc.. Sorry I don't use TA (voodoo<g>) much. I will admit to that although I am still taking TA when trying to "read" the market. I guess you have free time to look up old posts; why not participate in the market direction discussion. That will benefit people a lot more. I would be interested in debating the market direction with you. You have obviously taken interest in my hyping of the market. I am very interested in whether you are short or long the market, particularly the Naz. Please provide some commentary on the market direction. Remember this market has changed from last year; it was much different back then. I am assuming you came out with flying colours through the whole tech wreck. Note that there have been a lot of mutual fund managers that got the call wrong..and were bullish at the highs. That is not suprising. I am looking forward to your comments on market direction. BTW--I also put IMHO more often in my posts. It is just my opinion on the short term direction and some intermediate term trends.