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Strategies & Market Trends : MDA - Market Direction Analysis

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To: Vitas who wrote (17098)	6/13/1999 12:22:00 AM
From: Lee Lichterman III	Read Replies (1) of 99985

>>it seems that it is much easier to pick certain stocks to go up or down, on a technical basis, than it is to flag "the market". There is nothing more frustrating than to pick a general move, only to see 2/3 of the stocks go one way, and the other 1/3 fight the situation.<< Yes and I frequently pick that 1/3 <ggg> I generally use the stock picking though as a market gauge. I have often seen my index chart call for one direction while the majority of my stock charts point the other way. This is when I get out of the market and wait for the direction to break. Kind of like the crossed swords scenario. I am still sorting a few things out but I am kind of getting that signal now. My index charts aren't looking that unhealthy but a few of my "ahead of the market" aka "mostly institutionally owned" stocks are starting to break down heavily and there is weakness showing in many of the market's generals like GE and MSFT. If this isn't reversed, this could get uglier than I originally thought. Good Luck, Lee

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