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


To: Terry Whitman who wrote (9454)3/29/1999 10:21:00 PM
From: Lee Lichterman III  Read Replies (1) | Respond to of 99985
 
>>Good to see that you are still in Idaho and not the Med..<<

I am too old and mean to be sent over there, I would take that clown out and steal the glory from the youngsters that need it. <ggg>

I feel like Don a few months back when we were stuck in that whip saw and he just wanted to find a range he could trade. I have been sitting on my hands for quite a while now waiting for either a safe play or new channel to trade. I was back in my normal work area and I got a kick today out of watching the TYX move up as the DOW rallied. At one point in the day, there was an announcement of 1200 people being laid off right next to the DOW breaking 10K news. The market is always right but what is the market. One of the earlier posters that was bullish stated to just trade the trend. Which one? The indexes that are going up or the 90% of stocks that are near their annual lows? I used to trade a stock that always seemed to front run the market by a few months. It broke it's yearly low a week ago yet is still growing revenue at a fast clip. Meanwhile PG who as I recall gave a bearish forecast on their last earnings release, is attempting a new high. To quote a famous General responding to a German surrender offer during the Battle of the Bulge, "Nuts".

Good Luck,

Lee