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

To: stockycd who wrote (11829)	4/22/1999 10:51:00 PM
From: HairBall	Read Replies (1) \| Respond to of 99985

stockycd: Well, I have been trying to get The Captain's latest contribution posted to the Web Site tonight. (CROSSED SWORDS) The Homestead.Com site has been having problems on and off today...it took me over two hours to do a twenty-minute edit. Gee... The Captain's new article is now posted and my charts have been updated since 8pm EST. Well, my charts basically are drawing the path I expected to happen. But don't bet the farm on the bull... If you are nimble and pick the right stocks, there is money to be made in these intraday swings. But if you not nimble and or pick the wrong stocks...there is money to be lost in these intraday swings. It is a double-edged sword...<gg> This weekend I will be posting my first MARKETCENTS on the Web Site. I will review what I have been saying in my post over the last few months and point out the technical support for my expectations. EDIT: Just a little something to keep an eye on. In a post last weekend, after I added the long-term weekly charts to my chart page on the Web Site, I mentioned that the TYX was rising as the DJI advance into the Oct 87 highs. The TYX is advancing as the DJI rises off the Oct 98 lows. The TYX put in what I think was a multi year low on Oct 5th and the Market in general bounced off the Oct 8th low and rocketed up. This is just part of the puzzle, but an important piece. I noted early Monday morning, that if the DJI began to correct and I expected it to happen soon, (this post was in the middle of the 200 plus advance) that the TYX would de-couple and fall with the DJI. It did just that. That IMO indicated a move of capital to safety. IMO, another de-coupling took place as money came back out of bonds to re-enter the equity Market this week as the Indices rebounded so did the TYX. This rebound was expected as the BTD'ers came back in and traders followed their lead. I fully expected the intraday highs to be re-tested on the DJI. The next stage will be the exhaustion of the retest. If the Market continues up from here negating my expectation, this will dramatically increase the possibility of a nasty correction. Regards, LG Disclaimer: My posts are my opinions only and I reserve the right to be wrong on occasion. Do not base any investment decision solely on anyone's views or analysis. Do your own research and take responsibility for your own investment decisions.