Replies to post #6864 on MDA - Market Direction Analysis (MDA)

[LG]

augieboo: There is "no" holy grail that is the one thing I am "sure" of...gg

You just got to find something that works for you more often than not and stick with it, Plan A. However, always use Plan B (alternate exit strategies) and Plan C (stop loss points.)

Following the plan is rarely easy due to the emotions all us humans (and in your case doggies) have, but the ability to follow the plan (combined with good money management techniques) is more often than not what separates the winners from the losers in this business.

Regards,
LG

[LG]

TNX <----- Just managed check out the screen again and noticed the TNX has been on a tear up. Given my intraday models for the TNX with the last move down were all jogged into the oversold range, I am not surprised.

Keep an eye on the equities for a similar move unless the TNX backtracks soon. The COMPX 3/2000 FRL is still holding as support today, at least so far!

Regards,
LG

PS: I've got to prep for the Vet to arrive in a few minutes so I will be stepping away from the desk for a while. My female Southern California trader cat has been acting like something is wrong for over a week now. However, my Northern California could care less about the market cat is doing fine...gg