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

To: HairBall who wrote (12496)	4/30/1999 11:18:00 AM
From: donald sew	Read Replies (1) \| Respond to of 99985

Lg, With the DOW up 75, and if it was to close at the highs then my CLASS 1 sell signal will be negated. Nethertheless the response to this CLASS 1 sell signal is late/weak which implies that the pullback should be small, which is opposite of what the NAZ implied. Keep in mind a negated signal implies that we could have another surge to the upside early next week. seeya

To: HairBall who wrote (12496)	4/30/1999 11:20:00 AM
From: HairBall	Read Replies (1) \| Respond to of 99985

To All: I just have to add the following to my previous post; All this cautious talk has more to do with where one is in their respective investment strategies. If you are sitting on a comfortable profit pad in long positions, one can hold and watch. If you are just thinking about jumping into a long position (med/long-term), you may want to wait for a firm trend to be revealed. If you are a daytrader or short-term swing trader, heck profit from these strong intraday and 2 to 3 day swings, I do!!! MDA is only part of an investment process. (Unless you are investing in Index funds, options, futures or stock baskets.) Additional analysis should be done for sectors and individual issues. It really is about your own unique investment priorities. Just be careful and ALWAYS have a game plan. (Have a entry point, profit point and very importantly a stop loss point for each and every investment or trade.) 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.

To: HairBall who wrote (12496)	4/30/1999 11:26:00 AM
From: StockOperator	Respond to of 99985

LG, I think many are confusing my market calls with the potential losses seen in some stocks. Personally, I look at each stock and index INDIVIDUALLY. Because the DOW is rising does not mean every stock, even in that index, will respond accordingly. When I say that the trend on the DOW is intact and perhaps ready to challenge a certain area. My call is based on that index only. If you ask me about Coke, GM or perhaps the RUT my opinion will vary depending on each chart I'm looking at. My calls are as specific as possible as it relates to each individual chart. The last week alone has proven that the direction in Merck's prices has little to do with the direction the DOW takes. So I do believe you have to look at the individual pieces very carefully. In doing so it keeps you in the game that much longer. LG I do believe some sort of retracement is overdue. However, I have my own ideas, (just guesswork) on how this may playout. If we manage to get a strong finish today (??) - in one of my next posts I would like to touch on how that scenario may workout. Until then, of course, time will tell. Good trading SO