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

To: Lee Lichterman III who wrote (9284)	3/27/1999 10:03:00 AM
From: StockOperator	Respond to of 99985

L3, I made that statement because there are people just like yourself that are more short term oriented. You can often tell that by the character of the individual posts. My point about people being whipsawed back and forth was mainly directed at the calls that said we were going to be at 8600 by now. Or someone indicating that the DOW's next target is 11,200 when only two weeks later they have completely reversed course and are looking for a significant drop for the avgs. That's telling me the volatility has caught some on the wrong side of the fence. As far as being long the indexes and short the stocks. I think it's a question that each investor or trader has to ask themselves. We all have our strength's and weaknesses. My personal feeling is that if you are doing solid TA, you can make money trading anything. A good example would be a company like MSFT which this week closed at a new high. Speaking for myself it's hard to ignore a dominant market leader as it breaks into new highs. The fact that certain stocks are trading at extreme multiples may have little impact on my ability to make money on MSFT's next move. We have been in these lofty valuations for some time - and who knows they could continue a lot longer. Have a good weekend. SO