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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 683.47+0.6%Nov 28 4:00 PM EST

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To: HairBall who wrote (20959)7/23/1999 3:05:00 PM
From: Lee Lichterman III  Read Replies (3) of 99985
 
First - Mike, don't tempt me <g> I tried shorting some stocks in the SOX but they wouldn't drop to my targets fast enough. I know they will get there someday but they are propped up by people that don't understand that companies that lose money 6 out of 7 quarters is not a good thing.

LG - Not sure if I am going to act on his signal or not. I missed this mini rally as I was answering an e-mail. Now it is starting to appear as though it was a fake out since the TRIN is climbing back toward 89 and the TICK is moving back down. Getting close to Bond market closure so the whipsaws will be begin in earnest. If I can get the price I was looking for in my play a second time, I may make a dip but this is going to be one heck of a risky play. I was hoping to be in by noon and out by now.

Indicators looking like crud but indexes are bouncing. This is where the fun starts again.

Good Luck,

Lee
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