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


To: Dragon 1 who wrote (4712)1/26/1999 4:41:00 PM
From: GROUND ZERO™  Respond to of 99985
 
It's not too late.....

GZ



To: Dragon 1 who wrote (4712)1/26/1999 4:59:00 PM
From: StockOperator  Read Replies (2) | Respond to of 99985
 
Dragon 1

I think today's move is causing many to reassess their analysis. The key to remember that even through all of the recent volatility the long term trends REMAIN intact. Of course those trends are bullish. As far as the internets are concerned I mentioned last week that everyone was talking about the "bubble" being burst. Rarely do you see a top when so many were calling for it. BTW, I heard Soros was short the nutz. Not for long is they keep trading like today. Even AMZN was up in light of the negative article in Barron's.

I still believe in letting the market tell me which is the direction of least resistance. The markets are currently bouncing off key support. I will be watching for an expansion in market participation here as we head towards Friday.

Oh yes, I also heard Ralph Accampora has now changed his mind again and is now bearish on the market. Just two weeks ago he was referring to this as a new secular bull market. If he does this too many more times he won't have much of a following. Just my opinion.

Good luck trading.

SO