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


To: Lee Lichterman III who wrote (7647)3/6/1999 8:52:00 AM
From: Monty Lenard  Respond to of 99985
 
Lee, I am with you pal.

If people were concerned about valuations a week ago or days ago what has changed so much to make them worth more in one day? This IMHO is just a continuation of the mania but so far I have been very wrong as to how far the mania can carry this market and will just have to continue being very wrong because I will not participate in it (other than a few trades as time permits).

Just my humble opinion but I refuse to hand my hard earned money to these wolves.

Monty



To: Lee Lichterman III who wrote (7647)3/6/1999 9:53:00 AM
From: HairBall  Respond to of 99985
 
L3: Some never expected the Market to crater last week or this week, so no quick posture reversal was needed. The expectation was further upside before a substantial move down, per the Market as measured by the DJI...<g>

BWDIK as always...
Regards,
LG