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

To: bearshark who wrote (12505)	4/30/1999 12:43:00 PM
From: StockOperator	Respond to of 99985

bearshark, I do believe your post sums it up perfectly. It all boils down to tape reading. The charts are just a beautiful way to capture that and make it more visual. Nice post. SO

To: bearshark who wrote (12505)	4/30/1999 12:48:00 PM
From: Sonny Blue	Read Replies (1) \| Respond to of 99985

>> If you see one of my notes saying that something is wrong or something is right, it is an instantaneous read of what I am seeing. I know it sounds silly and maybe crazy but I think tape readers must all be a little crazy. << Not crazy at all. I'm in the same boat. I can feel "it" and go with "it" but I can't describe "it" to anyone, because it's only happening "here and now". It's almost like "Zen and the art of tape reading". <G>

To: bearshark who wrote (12505)	4/30/1999 12:51:00 PM
From: Les H	Respond to of 99985

re: broadening quote.yahoo.com 5 out of the 8 sectors of the market made new breakouts or secondary breakouts after consolidations a couple of weeks ago. XLF was continuing its upward movement as C, AXP, and JPM can attest within the Dow. XLK and XLP are in corrections and Nasdaq and Drug stocks can attest to. article on extended trading hours thestreet.com

To: bearshark who wrote (12505)	4/30/1999 12:51:00 PM
From: Compadre	Read Replies (1) \| Respond to of 99985

bearshark: Looks like your tape reading ability has nailed it again. The NAZ is giving up. Even the DOW showing signs of weakness. Regards, Jaime

To: bearshark who wrote (12505)	4/30/1999 1:08:00 PM
From: HairBall	Read Replies (1) \| Respond to of 99985

bearshark: Well I don't really know what you mean by read the tape, heck ticker tape went away years ago...<g> However, if you mean working off instincts by reacting to the Market real-time, you are not alone! Of course, the minutia of what you do may be slightly different than what I do. Suspect we are not alone. I daytrade via "instincts". IE: My read on - Level II, 5 Very short-term time frame analytics, trend lines, fib retrace, all coupled with price/volume action. All this on 21 Indices, 15 indicator issues and of course, the issues I am actually trading or preparing to trade. In addition, I track longer-term indictors, which I use to contribute to the MDA thread. I usually choose not to post my intraday stuff. However, on occasion I will post it, but not often. Maybe I should have used "instints" instead of "gut feels", does that work for you? EDIT: While taking the time to type this post, the Market is beginning to behave as expected... Regards, LG