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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 12 4:00 PM EST

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To: HairBall who wrote (18710)	6/28/1999 9:16:00 PM
From: Lee Lichterman III	Read Replies (2) of 99985

Concur on your statement about our legal system and morals of the country. I do wonder why you are so sure that the DOW is forming a bullish wedge though. I have stared at this chart for over a week now and can't decide for sure one way or the other but I lean toward it being a descending triangle since the base line angles up slightly instead of downward as in a bullish wedge. I admit I am not sure enough to call it either way though. I won't make a decision until it clears the 10750 area and holds it for more than 3 days since many of the other descending triangles had false breaks upward that reversed and tanked about 3 days later. I haven't downloaded my data so maybe my view will change tonight but so far, I am still on the fence. PS - For those I didn't PM, I am temporarily doing a different job ( First Sergeant) this requires long hours both early in the AM and late at night so my analysis will be short and brief if at all. Probably not at all. Good Luck in this directionless drifting before the explosion one way or the other soon. Lee

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