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

To: StockOperator who wrote (3047)	12/29/1998 12:56:00 PM
From: Bald Man from Mars	Read Replies (2) \| Respond to of 99985

<< focus on 2nd tier internet companies that made explosive moves several months ago and have consolidated sideways most recently>> would you mind sharing with us, who are these net dudes ???

To: StockOperator who wrote (3047)	12/29/1998 6:49:00 PM
From: StockOperator	Read Replies (5) \| Respond to of 99985

Fasten you seat belts! This market is getting ready to make our heads spin. This phenemonal bull market, that has caught so many people on the wrong side, is about to surprise us again as it moves upward to higher levels. Consider all the obstacles along the way., Thailand, Brazil, devaluations, Monica, impeachment, none of these things could stop this bull market from running. Amazing when you think about the short time span in which we dealt with these issues. I'm not going to pretend to any of you that I understand fundamentally why this market would be climbing here in the face of historical valuations. It doesn't make sense. But my style of trading is technical in nature. And one of the first things you learn as a technician, is "the trend is your friend." I'll let the Wall Street historians fill in the fundamental blanks years from now. My personal goal as a trader has always been to find the trade early before everyone else recognizes it. This has always allowed me to set my own price (not the MM) as well as accumulating a decent position in what I'm trading. I believe what we're seeing now in the markets is the beginning of a broad based move in all the averages. Granted, some are further along than others, but with keen observation you will notice the momentum shifting in those lagging averages. How many of you noticed the spike in the RUT at the end of trading today?. Look at the 5-minute bar chart, it jumps out at you. Now what about the weekly chart - which has closed at its high two weeks in a row! Extremely bullish! Thats why my call on the RUT was an easy one, the chart is pointing to higher prices. So if the RUT looks like its going higher, the NAZ and S&P already breaking out to new highs. The DOW breaking out of a three week consolidation pattern plus everything else holding its own, you can only draw one conclusion - higher we go! One of these days theres going to be a fantastic opportunity to short this market. Anyone that times that right will set themselves up for a lifetime. I just don't believe that time is now. Bullish as ever. SO