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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: learnstocks who wrote (27100)	3/7/1999 1:11:00 PM
From: Doug R	Respond to of 79469

Vic, Random walk?!?!? Very cool. I hope you didn't cook up a thesis in support of it though. Within the bounds of the definition, it appears to hold true but the market tends to step out of bounds frequently and actually become "relatively" predictable. It's as if applying random walk to itself actually dooms it. Ok, now on to MRPS. It's a good thing you're not inclined to daytrade because MRPS is about to drive most daytraders nuts. The recent top probably represents the most per share price that will be considered "acceptable" for some time. The establishment of that top places a new possible future supply/demand dynamic in place that would more than likely require further fundamental developments to address. Since you intend to stay in it long-term, it would be best if you tried to ignore the price activity about to ensue. If you get an "itch" to take some profit in order to buy back lower, wait for a bump back up to 2 or 2 1/4 and sit on the cash to roll back in at 1 or less. Doug R