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


To: William H Huebl who wrote (795)12/7/1998 4:30:00 PM
From: HairBall  Respond to of 99985
 
Bill: Well, 9500 would be a little higher than I am expecting. That would scare me a little...<g>

I think this next move down will tell the tell, Bull or Bear. If Bull I will be looking to jump in at lower numbers and if Bear, I am where I want to be.

This run up from October 8th has been the hardest for me since I started investing. My personal indicators gave a buy with the closing numbers on 10/9. And I went on record on SI that weekend. But you know, I did not "expect" the Market to move this high before making a substantial pullback. My stuff signals direction but not magnitude.

My indicators have been calling it right so far, but I have had one hell of a time believing them and have kept all the investment portfolios I manage in cash. Of course all but one of those are retirement funds. I always play it safe with those.

However, I have been active with my Day Trading portfolios and for that this Market has been great!

BWDIK
Regards,
LG