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

To: Berney who wrote (12177)	4/28/1999 8:28:00 AM
From: HairBall	Respond to of 99985

Berney: Well, I have been following your conversation and find it most interesting. I like the four legged stool analogy...<g> You touched a part of my analysis, I rarely express in my post and just do not have the time to add all the charts to my chart page. Even on an intraday basis, I watch quite a few Indices to note their interaction. Not just on a closing basis, but on an intraday basis. I also watch a core of issues of major indices. They are selected using specific criteria. The six I watch of the Dow 30 Industrials are often trading in opposite direction. I will not allude to the notable intraday interactions of these core issues over the years, but they are considerable and eye opening. So far this month, the Market is trading as expected with a major BTD rebound to test the previous highs, trend lines etc from the initial pullback levels of early to mid April. This week has been profitable, running almost exactly on track with the post I compiled for the weekend MARKECENTS update. Unfortunately, my computer froze up just as I was trying to access the Web Site to edit the page. Next time I will save to disk before trying. However, all I really was doing was pointing out technical support (as I see it) for expectations already posted to this thread over the last few months. I suspect as the Market begins to follow through, more folks will begin to predict what is already in progress. Good trading all... 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.