MDA - Market Direction Analysis

[LG]

augieboo: There was more than humor intended in that post. As I used the gas tank analogy for my multiple time frame analysis over bought and over sold models allow me to use a race car driver's use of speed to suggest when to use more or less of your capital, exposure and risk to the markets if you will.

At the turns slow down, early into the straight-a-ways give it more throttle, just don't wait until your nearing the end of a straight-a-way to decide to gas it when you should be backing off the gas pedal and down shifting.

That is why I think it important to work at identifying pivot points and discerning the trends. Of course, market direction analysis should never be a substitute for individual equity analysis, but the over all market more often than not does influence individual issues.

More on this subject later...gg

Regards,
LG