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


To: Sweet Ol who wrote (80688)7/21/2001 9:49:19 PM
From: HairBall  Respond to of 99985
 
John R Haley: I guess I have been the target of so much ridicule over the last few years on SI , I am a little quick to react...sorry!

You are right, when in doubt let the market show you the way. That is what chart patterns, trend lines and horizontal support / resistance analysis is all about. This form of analysis provides parameters from which to judge “when” the market is making a direction or reversal commitment. While never 100%, when done correctly with proper money management trading the higher percentage plays can be profitable.

Regards,
LG