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


To: donald sew who wrote (6978)2/24/1999 2:33:00 PM
From: StockOperator  Respond to of 99985
 
Don,

Yes, I agree that most analyst's opinions tend to lag what is actually happening in the market. What kills me about Ralph is that he is a technician. A person who should have a much better felling based on what he's seeing in the numbers. It doesn't do me much good as a trader to find out the market's going to correct after its corrected. Besides questioning the benefits of calling all the changes in the intermediate term trend.

I don't know. Somehow it would have bothered me less if his call for a correction would have come while the Dow was much closer to 9700. Not at the bottom of his range.

Good trading.

SO



To: donald sew who wrote (6978)2/24/1999 2:38:00 PM
From: Ramsey Su  Read Replies (1) | Respond to of 99985
 
Donald,

have to say that it looks like you are right on again. Market is weakening at the moment. Hope you had placed all your bets already.

I suspect the magnitude of this pull back will depend on what type of news we get from the world. Greenspeak turned out to be a non-issue. Upcoming events include a couple of potential trade war trips to China. Yen is dropping and so is the Real. Anything else going on in the world, or here that may shake the market one way or another?

Ramsey



To: donald sew who wrote (6978)2/24/1999 3:11:00 PM
From: HairBall  Read Replies (2) | Respond to of 99985
 
Donald: Well, I am enjoying my time off, but I have been peeking at the Market and MDA. I will not be back posting regularly until next week, as the wife and I got a late start to our time off.

However, I did spend some time on a computer last night and will be sending Monty charts today that support your "guitar". The DJI will have updated Andrews Pitchforks, which I think you will find of interest.

I have been sending my charts to Monty as an excuse to take a look at the Market each afternoon. I trust they have been of some use. The wife wants me to take enough time off to get the bags out from under my eyes. What an assignment and what bad timing...<g>

That BrowseMaster software has allowed me to keep up with the posting on MDA without to much flack from the better half. As usual the MDA thread has had a lot of good contributions this past week. And, Donald as always your short-term calls is the best!

Regards,
LG



To: donald sew who wrote (6978)2/24/1999 4:28:00 PM
From: George Mc Geary  Read Replies (1) | Respond to of 99985
 
Nice call Donald !! Bot the OEX 620's around 642+ at 7 3/8 and holding overnite. OEX now at 625. Thanks again for the heads up. YOU ARE GOOD !

Edit: Opps they were sold at 13 3/4 after close, nice return though for a couple of hours.