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

To: Vitas who wrote (16076)	6/5/1999 12:43:00 AM
From: Berney	Read Replies (1) \| Respond to of 99985

Vitas, excellent advice!!! Those candlesticks can deliver severe burns. However, for a dozen years that chart formation has been a winner, and that's why I have it framed. You can point to the time it failed, I'll focus on all the times it did not. This is a percentages game; no more, no less. Don't misunderstand my position. I expect a sell-off is going to occur, but the near-term earnings' comparisons are looking good, and your previous post to propeller beanie bb aside, I agree with Peter Lynch that this is what it is all about. But then, I seldom buy a nutz stock. <gg> I posted here or somewhere, that I drew a line in the sand at OEX 643. If it went below that I would blow the dust off my bear claws. Yes, I was nervous, because I play bet the bank, fully margined, on one stock and foolishly got caught in the INTC downdraft. The last thing you want to do is put yourself in the position of a losing position and then have the market turn against you. Then, it has been said that God protects babies, fools, and the Irish. <almost a g> Berney