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

To: Boplicity who wrote (81204)	8/4/2001 1:21:46 PM
From: KymarFye	Read Replies (2) \| Respond to of 99985

My fear, it's a recurring fear too, is that what we saw today is the harbinger to the market that we will see for months on end. My fear, too. In fact, I've been worrying about it for months, ever since the bounce off the lows tailed off and led to this misnamed "trading range" market. I've been calling for failed rallies and abortive crashes since around the NBA playoffs - not that it's done me much good to have been "right." Both the bull market and the crash were much more tradable, at least for me - in the sense that you could use TA or whatever other discipline to call the moves, and could depend on follow-through on your good calls to cover your errors. You could also count, for the most part, on stocks within sectors or within generally related sectors trading together with consistency. Though some traders, like JRI I guess, with greater skill or insight or luck (thusfar), or with more appropriate styles, have apparently been doing well, I think these and related problems have affected almost every approach - day-trading, swing-trading, position-trading - within this market. For me, like not just a few other traders, even on the days that I've been able to call the market well, it's been a de-moralizing and frequently rather excruciatingly boring struggle to finish in the green, and I often find myself thinking I probably should have taken a much-needed vacation. I'm also fully confident that the day I fully commit to a different style will be the day we finally start moving again...