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

To: HairBall who wrote (3414)	1/7/1999 11:34:00 AM
From: StockOperator	Read Replies (4) \| Respond to of 99985

BULLSEYE! Since posting on this thread, I've nailed this move right on the money! Message 6812396 Message 6850102 Message 6874193 Message 7019802 The past couple of weeks I've been swimming against the tide by being bullish on this market. Not because I like being different, but because thats what the chart's have been saying. Internets, Transports, RUT, CSCO..... I've made the calls in a timely manner. Of course I'm beating my own drum again, why not. When I made those calls a few weeks ago, things were very tentative, and still are. But, you must admit, strength and breadth ARE improving. Airlines, banks, pharmaceuticals are beginning to show some life. And although we're not out of the woods just yet, the landscape looks better today than three weeks ago. So I will admit that it bothers me when I hear someone on this thread or any other tell someone else that technical analysis doesn't work. Or that sometimes it works better than others. We all have our own styles. And many of us have paid out big over the years developing those styles that work for us. So is it fair for me to make a blanket statement like "anyone that trades off fundamentals alone will never make any money? Or, "that there's no money to be made in small stocks." Just because thats YOUR experience, doesn't make it universal. I make this point because there are many new investors out there that are reading this thread, who never post, but yet look to many of you for wisdom and advice. So I think we owe it to all of them, to not add to the confusion of what is already a very difficult learning curve. Thanks for listening. SO