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

To: s berg who wrote (79059)	6/20/2001 11:37:38 AM
From: HairBall	Respond to of 99985

s berg: I don't usually post the cycle turn dates, because I found "fixed" cycle periods often to soft to trade. I always approach my turn dates as intraday to short-term initially. I am looking (initially) for a rally to provide a move up into the in play FTCs for both the COMPX and NYA. Alternative, "think like a criminal" scenario is that they are running up market towards highs yesterday to trigger short covering prior to the next leg down. It is always wise to TLAC and keep an eye on support...<g> WE all miss on occasion, that is why everyone that trades and or invest should always have plan B (what to do if I am wrong and when do I do it.) I am going to add this to my chart interpretation text, but in the mean time here it is again...(what I mean when I say) Intraday (minutes/hours to a few days) Short-term (A few days to a few weeks) Medium-term (A few weeks to a few months) Longer-term (A few months to a year or longer) Long-term (A year to when ever...<g>) Regards, LG