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

To: HairBall who wrote (5387)	2/3/1999 11:06:00 PM
From: Lee Lichterman III	Respond to of 99985

Yes, mine is actual vs theoretical. I like the way your fork catches that range though better. I tend to use the high and lows because that is "technically correct" although I will fudge a little if working a long term trend line and will even ignore a penetration if it retraces back in immediatelly the next day or so (Shhh don't tell anyone) <g> I feel extremes and even opens and closes sometimes really don't matter. If I could figure a way to gauge where the most volume of the day traded or where a stock spent most of the day, I would use that dot to do all my charts as I feel that is more accurate for a calculating value. I have seen too many run/crashes on the close or gap opens only to trade the rest of the day at a stagnant area way from those levels to worry about sticking too much to hard rules. I start technically correct then adjust as the trend gets longer. Challo, thanks for posting the article. To the poster that poked fun at Fleck, just because the bubble hasn't popped yet, doesn't mean it isn't a bubble. How long would you have to own some of these companies to get your money's worth and will they even be in business by then. Have you collected the money from RCA Radio yet that was bought in 1929? How about all those railroad dividends? Lee