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

To: Vitas who wrote (9346)	3/29/1999 10:36:00 AM
From: StockOperator	Respond to of 99985

Vitas, You're right. The majors in the nutz have done well lately. But as I pointed out in my last post, the charts of many of the smaller companies in that group are at critical points. I am looking for some kind of definitive move right about now. The market as a whole looks lousy. I think you and many others have been successful in pointing that out. However, I am not sure I would let that deter me from taking advantage of companies that are pointing towards higher prices. Especially when people like William O'Neill and Tom McClellan are telling us that a-d numbers can be a lagging indicator. The one thing that none of us really know is at what stage of the bull market we're in right now. Where do you think we will be five or ten years from now? I wish I had the answer. But 10,000 on the DOW just might be a steal. That's why my approach to the market is to use the information that I am seeing right now. As long as I see bullish patterns on the charts, I have to stay bullish. When the charts start to say differently. I will be the first one to sound the alarm. As far as 1-10. You're guess is as good as mine. Good trading. SO