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

To: StockOperator who wrote (11639)	4/21/1999 1:41:00 AM
From: Stephen	Read Replies (2) \| Respond to of 99985

My goodness, this thread is getting positively lively (GG). I was missing some of you (welcome back Jaime, James et al) .... I'm still bearish by the way. I mentioned the other day that the 'market broadening' that everyone was so excited about hadn't even broken the down trendline ... but as the nanny hadn't arrived and the baby wanted her bottle I had to cut things short and forgot to post the chart .... decisionpoint.com This p.m. was interesting. The DJIA was down 50+points and the Nasdaq had given back 50 % of its gains when there was a sudden surge of buying in the last 25 minutes. Up till then many stocks like WCOM & CSCO hadn't done too much, and stocks that had good gains such as YHOO, had turned negative. Interestingly, MSFT continued to sell off even as the indices were recovering ... until the last few minutes when it spiked. So, did everyone decide to gamble on MSFT's results ?. Was there a short covering rally that sparked buying ?. Did some people find out what the MSFT earnings & revenues were ?. Of more interest .... will it last ?. Intradays looked good today. Most of the programs seemed to be on the sell side (anyone know where that data is available ??) Wacky trading week so far ...... many on the tech threads & internuts are buoyed by todays action. Hmmmmmm ...... Stephen

To: StockOperator who wrote (11639)	4/21/1999 7:57:00 AM
From: HairBall	Read Replies (1) \| Respond to of 99985

StockOperator: So not only did many lose out on a signficant advance but more importantly money was lost by positions that were against the direction in which prices broke. So I do think you are off base by implying many have lost money by betting on the bullish side during the month April. You have mentioned more than once about bearish positions having missed out of the recent rise into April. That seems to be ok, but if you suspect that it is being implied in reverse suddenly someone is out of line. I was not implying you have responsibility for losses incurred by investors. I was making the point, that neither you nor I or anyone else should be followed as individuals "in the know". Our views should be weighted as just that “our views”. All investors should do their own analysis of the Market or Stocks and ultimately be responsible for their own investment decisions. Too many investors have no game plan. I addition, since several seem inclined to always state when I offend them, let me tell you something that offends me! The following quotes are paraphrased but are accurate to content. You have stated often how "one needs to read what the Market is actually saying and not allow bias or emotion into their read". That implies that those with an opposite view from yours, allow bias and emotion into their analysis and that they can not “actually read what the Market is really saying” since they are not in agreement with you. I suggest that "all" state their positions/reads and leave the self-ingratiating remarks out. Let us all get back to stating our expectations with the humbleness that this thread previously enjoyed. If one is right on a regular basis, readers will take note! Regards, LG