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

To: Robert Graham who wrote (9992)	4/6/1999 2:42:00 PM
From: donald sew	Read Replies (2) \| Respond to of 99985

Hi BOB, Nice post. When I look at this market subjectively, I get a little nervous about my PUTs, but I have learned from the past to follow my technicals. I can see how many feel that there is still some or plenty of upside, when the INTERNUTs continue to move up. seeya

To: Robert Graham who wrote (9992)	4/6/1999 2:44:00 PM
From: Les H	Read Replies (3) \| Respond to of 99985

The market has been blowing off bad earnings for some time. As much as people keep trying to claim that earnings will be great. The earnings stink. Everytime I look at nasdaq.com, the negative earnings surprises have vastly outnumbered the positive surprises. Today, it was 8-to-1 negative. Yesterday, it was 8-to-2 negative. Just about everyday has been at least 2-to-1 negative-to-positive surprises. It's all money flow.

To: Robert Graham who wrote (9992)	4/6/1999 2:51:00 PM
From: HairBall	Read Replies (2) \| Respond to of 99985

Robert Graham: sell the rumor, buy the fact I have never heard that one, seems backwards to me... I find with sentiment driven markets short term indicators of market sentiment prove to be very worthwhile to follow and can be very revealing of where the market will go next, at times even better than short term technical indications. Heck, I think the Markets have always been sentiment driven for the most part. To keep us less emotional, I think short-term technicals are a necessity. Together with the price action of select indices and stocks can reveal much about the markets current health and underlying strength. This assumes the bigger technical picture is intact. What price action, of what indices and what stocks are you talking about? And, how can select indices and stocks reveal the market is going up if the “bigger technical picture” is NOT intact? Just trying to understand your logic...<g> Regards, LG