MDA - Market Direction Analysis

[smaglito]

Augieboo, have done the same as to the canaries and haved narrowed the list even further . I watch msft ,mmm,pg , hd, wmt.MSFT has at maximum range daily .70 -1.00 MMM 2.00-3.50 +- PG 1.00-2.00 HD and WMT more or less the same as MSFT. I attempt to watch the high low of the range previous daywith opening futures and measure where the resistance will be and short at that point and buy the support for scalps . first 1 1/2 hours it will generally give the daily range then take profit and reenter midrange for eod scalp .have been busy with a high school golf team and havent gotten my eod scalps lately . also short oj's overbullishness (gg) . where we breakout of this trading range will soon become apparent . I trade a variety of stocks almost exclusively scalps .all 1 million + daily volume. many not the leaders but trade with the leaders. and all stocks I follow fundamentally with a particular sector. have a gold position and will build on it incrementally on pullbacks . I read your work and many others here . Is apparent to me that many here are very gifted in their own right and this thread is the best on the web . Hope all continue to benefit from the analysis even if it may be an opposing point of view. only the market is right 100% of the time . That is my ultimate goal in the meantime 70% + is fine by me . smagli