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

To: Sonny Blue who wrote (10880)	4/13/1999 6:20:00 PM
From: HairBall	Read Replies (1) \| Respond to of 99985

Sonny Blue: Well, I wished you had offered up that commentary sooner...<g> Believe it or not I agree with much of what you say. However, I have found the technicals that I use still work for the most part for me. I use sentiment (trader's emotions) to identify many of the stocks I day trade. But I still use timing tools to get in and out of those mo mo plays. I day trade almost every single day. I also find TA to be very useful for timing the Market for medium and longer-term investments. The only difference between my call and StockOperator's call is he/she feels the Market is off to a new bull leg. I have also called this upswing, but have suggested caution in that I think it will make a medium term top in the next few days. Thus, I am in cash. If SO and others are proven right and the RUT, UTIL and TRAN begin to confirm this upmove, I will hop the freight train...<g> I will switch from cash and ride the bull train as well. I will have left some chips on the table, but I am ok with that. One thing I have found about this "new era" of investing with a million people sitting in front of their computers trading...is it is easier to get through to your Broker and go long the Market than it is to reach your Broker and sell in a panic. Regards, LG