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

To: dennis michael patterson who wrote (1940)12/15/1998 6:43:00 PM
From: LWolf  Read Replies (2) | Respond to of 99985
 
Dennis....thank you for your latest comments.

I feel I'm in a similar situation: in cash, with some puts that losing $$ as I watch this stuff go back up. And yes, I read Cramer, and see the techs going up and AMZN is mind bogling (+20.5) today. I don't now when to go back in long and feel I'm missing some nice gains.

I'm not a happy camper right now wondering if we've bottomed and going up, or if this is a false rally!
:<
Laura

PS: also wonder what affect Opt Expiry is having on price movements today and through Friday.



To: dennis michael patterson who wrote (1940)12/15/1998 9:22:00 PM
From: Skipperr  Read Replies (1) | Respond to of 99985
 
Dennis,

Regarding your, "As I said-- this group has tops down pat! I expect
to be out at the next top (like I was at the last one). I just don't want to miss the bottom."

I believe that it is much easier to identify bottoms than tops. I'm no expert on this.

I suggest that we get together two lists of volunteers, 1st list for those confident in identifying tops, 2nd list for bottoms.

What do you think? Skipperr


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