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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 694.04

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Jan 29 4:00 PM EST

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To: bobby beara who wrote (20653)	7/20/1999 11:58:00 PM
From: Lee Lichterman III	Read Replies (1) of 99985

I read somewhere tonight that this years low VOX was actually slightly higher than then. I have a lousy memory but I think the previous low was 16 point something and this low was in the high decimal places of 17. Your chart shows that there was a slight bounce then a second drop in 98, deja vue? I am having the usual Reuters problems and probably should have just switched immediatly when I started having trouble last week but now I am afraid to switch inthe middle of this sell off. I don't want any outside influences to alter my charts until we mellow out a bit. I still think we will see a higher high this year before the real BK. Of course maybe that is what they are counting on is everyone expecting a blow off knock out end. Maybe there will be no bang but instead a whimper as we grind down but I doubt it. I just wish for once I could start working on my charts before 2 AM. Will give real input when I have something to work with. EDIT - Hind sight is 20/20, I should have shorted the market with everything I had when Jim stated buy and hold for the long term. <g> American Spirit, any real reason for the bullishness. I can't remember a time when you haven't been bullish. There were just a few good articles posted that we could have a total collapse of the derivitives market and that currency hedging could turn sour at any time. This with the market sudden realization that we have been consuming all the world's goods here inthe US in an attempt to bail out the ailing economies as if this is something new. Duh! Still the fact that they have finally decided to wake up to this tidbit means they are spinning the news in an attempt to drive the market lower. Go with the flow. And yes, my trigger finger is set to SAR when the opportunity presents itself. Good Luck, Lee

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