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

To: donald sew who wrote (10801)	4/13/1999 10:58:00 AM
From: HairBall	Respond to of 99985

Donald: In addition to the comments I made to Les... The RUT is up near the long-term falling resistance line established at its highs. That is one of the key resistance areas I am watching closely. It can be seen on my RUT chart. (dark green) I am also watching the TYX.X closely to see if the 54.39 support line holds. (dark yellow line on my chart) And if it does, will the TYX.X resume its rate advance? This is another key support area I have been watching. If it does lift off from here as expected, then it should begin to dampen the recent rally. I am also keeping an eye on the UTIL, watching for a rise above the current resistance at the support/resistance line (grey). And, the resistance above that the upper tine of the medium-term falling fork. (dark purple) And, the two falling resistance lines (dark green) one starting from the highs of this Indice established last year. The TRAN is also one of the Indices I am watching to see if it breaks out and confirms this advance. Resistance remains at its upper tine of the falling medium-term fork (dark purple) and above that the long-term falling resistance line (dark green) starting from the highs of this Indice last year. The resistance line was briefly penetrated in March with a one day close above. These are just a few reasons, why I have not put on my boots and chaps (sp) to ride the bull, just yet...<ggg> (The above comments are only my opinions, do not make investment decisions based solely on anything your read on this or any other thread on SI.) BWDIK Regards, LG

To: donald sew who wrote (10801)	4/13/1999 11:15:00 AM
From: RWS	Read Replies (2) \| Respond to of 99985

Don I mostly lurk here, have only made a few posts that were pretty much ignored by bears. I follow your system with a lot of interest and take it into account. I would like to raise an issue with you. You have stated in the past that your system works well in a sideways or channelling market but does not work well in a trending market. However I've not been able to discern from your posts whether you consider this a sideways or trending market. What seems to have happened is that as the market has trended up that instead of discounting your system you have "become bearish." My interpretation may be totally off the wall, but it seems like this is the type of "subjectivity" that DougR was referring to. I apologize in advance to all on this thread who might take this as some kind of insult. RWS

To: donald sew who wrote (10801)	4/13/1999 12:55:00 PM
From: StockOperator	Read Replies (2) \| Respond to of 99985

Don, I realize that you agree with Doug R, Do you think it is right to shove it peoples face when they may be wrong. I would suggest you read my post over again before you accuse me of anything! Where in that post did I shove it in anyone's face. First of all Doug and I are in agreement over the direction of the market. that's it. Did I say anything else. Doug's opinion of this thread is his own. And frankly, he's entitled to it. Just like anyone else on this thread. Once again my comments were directed TO DOUG because the impression that I got from his post was that the bullish argument was not being made here. That is it. Besides, I realize that the regulars on this thread are well aware of the comments made daily by everyone that frequents MDA. My purpose was to stand up for MY record ONLY. My posts during the last couple of months have not only been accurate but very consistent. Of which I am very proud of. I have yet to slam anyone or their opinion during my entire stay on this thread. It's not my style. So I would suggest you read my post again. And I really do think the issues you raise are directed at the wrong person. Good trading. SO