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


To: donald sew who wrote (5884)2/9/1999 9:15:00 PM
From: bobby beara  Read Replies (5) | Respond to of 99985
 
Some interesting factoids:

The CRB inflation adjusted is now actually below the Great Depression lows of 1932.

The 1630's Holland Gouda increased 37 times it's value in two years.
Yahoo at the 1/11 peak was 100 x it's 1996 IPO.

If Al the Tow Truck Driver "Discover Brokerage Ad" who owns an Island thru online investing (daytrading -g-) is not a MAJOR TOPPING INDICATOR!

I'll eat my bippy!

Clinton may wish he was removed from office by the time this whole shebang goes bang -g-



To: donald sew who wrote (5884)2/9/1999 9:17:00 PM
From: j g cordes  Read Replies (2) | Respond to of 99985
 
Hi Don, this afternoon someone asked me if the market acted like other physical flow forces, for example water flowing down a slope. It was an odd but compelling question which I had a ready answer for of course (no pun intended).

It remains an interesting analogy to speculate if prices find a course of least resistance or find a course of greatest opportunity. Other descriptions provide more useful predictive qualities which we're familiar with (wave, cycle, channel, measure, trend), but in many ways these qualities also describe flow. In fact they draw their meaning from similar observations.

The most critical difference it seems is that water flows over a fixed terrain while prices flow over an emotional landscape (which perhaps reflects a fundamental unfolding of experience) who's gross patterns are often repetetive. To the extent prices are repetetive they become opportunistic targets for trading. As you might suspect this is better appreciated with a good cabernet. <g>