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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 687.72

+0.7%

Jan 5 4:00 PM EST

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To: Jorge Sierra who wrote (33967)	11/22/1999 7:11:00 PM
From: Lee Lichterman III	Read Replies (1) of 99985

Just a reminder my signals aren't foolproof especially in manias. 256 new lows on the NYSE but KO up 9% and MSFT moving up in the face of all the lawsuits that will be like MO re-visited. There is no logic or valuation in this market. As I said a long time ago, this could go on forever as stocks are sold off to chase the fewer and fewer ones that are still going. Eventually everyone will just trade one stock back and forth like a hot potato. Sad but highly probable at the rate we are going. I may have to eventually invent a stochastic that goes to 150% since 100 isn't even a sell signal anymore. <ggg> Remember the pros are even saying that there is no such thing as a stock that is too expensive. I just walked in the door and took a look at my tracking portfolio of 59 stocks. A sea of red except for internets, KO, and MSFT. Then I look at the DOW up 85 and NASDAQ up 20+ to a new record. UFB I guess we are going to do another one of those stealth corrections since we don't want people bearish over the holidays. Good Luck, Lee

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