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

To: t2 who wrote (79904)	7/10/2001 4:31:40 PM
From: eichler	Read Replies (1) \| Respond to of 99985

NV, The secret is actually very simple. I tend to prompt change in stance based on the daily chart and taking the leap of faith required to effectively use TA by following what the daily chart is saying. It doesn't change all that much, it fairly reliably goes from up to down (and reverse) over days and weeks...the leap of faith is not getting sucked in by the fake-outs like Monday's feeble rally. The good news is that the daily stochastics are now closer to oversold land and that would imply that there should be a change back to up bias in the works over the next few days. The shorter term charts should be of more value now. Thanks, I'll try to keep the streak going... And Mr. Market will not tolerate a lack of humility, so if I know what's good for me, and I do......GGG Best regards, Eichler