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

To: Gary Wisdom who wrote (9707)	4/3/1999 1:14:00 PM
From: HairBall	Respond to of 99985

Gary Wisdom: Nice post...<g> To All: I have noticed that you will need to refresh often at the new MDA Web Site even to see the latest additions to the Guest Book...<g> Be sure and bookmark the site and refresh often: homestead.com Regards, LG

To: Gary Wisdom who wrote (9707)	4/3/1999 1:38:00 PM
From: donald sew	Respond to of 99985

Gary, >>>> Then she goes on to say "If a company misses a quarter, they're out of that company". Sounds pretty idiotic to me. No wonder why companies are taking 30% hits for missing by a penny. These savants heading up mutual funds sell their entire holdings when a company misses misguided analysts' prognostications by an entire penny. No wonder why the mms or specialists open stocks down so low. They know these geniuses are going to dump supply on them en masse the next day. And Wall Street blames the day trader for the market's volatility. Geez. Makes you wonder. <<<<< That is a main reason why I feel that once there is a correction it will be strong and very quick. I am still not saying a BK, but we all need to keep in mind that the 200 day moving average is at 8900 range. If the market gets back to its 200 DMA and holds there, the longer bull trend is still intact, but thats still 1100 DOW points off the peak. The small number of stocks which are moving up are priced perfect, so the slightest negative will send them down hard, and the number of stocks moving up gets smaller and smaller. Here's my analogy for the market, and again Im not saying the BK, but at least a quick fast pullback: AN ELEPHANT on GIRAFFE LEGs, or a RHINO on DEER LEGs, or a HIPPO on DOG LEGs, or BOEING 747 on motorcycle wheels. seeya