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

To: Boplicity who wrote (81044)	7/31/2001 9:01:47 AM
From: HairBall	Respond to of 99985

Boplicity: would be hard pressed to make that kind of $ trading and worrying about the direction of the market off the clear bottom in April. Folks trade differing time frames... While analysis of the broader market indices should never be a substitute for due diligence on individual equities, bonds, commodities or futures, it is only prudent to keep an eye on the broader market indices. Why?...Because the broader market movements often influence the movements of individual equities. Of course there will always be those issues that move counter to the market, but it can often be safer trading those issues currently moving in sync with the broader market indices. Establishing timely positions in equities that are currently moving in sync with the broader market indices at inflection points can be profitable for day, swing or even position trades. Of course there will always be counter trend plays. During the last year of the Naz bubble I was short more often than long as to me is was "in your face" obvious those internut manic stock price run ups would not hold for long...<g> Trade what works for you and let others trade what works for them! Keeping in mind that everyone misses. It is how you manage the winners AND the losers that determines success. Of course that being said if the majority of all your picks turn out to be loosing positions, a good mutual fund might be a better strategy. Staying in when the fund is above its 200 day SMA and getting out when it is below its 200 day SMA...<g> Regards, LG