MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.91

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Nov 14 4:00 PM EST

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To: Lee Lichterman III who wrote (23282)	8/18/1999 11:31:00 AM
From: Lee Lichterman III	Read Replies (1) of 99985

Deja Vue???? The bounce in the DOW is being fueled by money coming out of the NASDAQ. Note the NASDAQ was up 10 whebn the DOW was down 75 and now that the DOW is only down 60, the NASDAQ is up only 3. Money shortage??? I still see a lot of strength inthe stocks I track but all are huddling my middle tines right now or else are at resistance points. The OEX is sitting on the bearish fork's middle tine and the higher TICK and lower TRIN is not enabling it to move up much unlike earlier today. Looks like no one trusts it right now. EDIT - Just realized that the chart I have printed in front of me is not the same one posted on my site. They are close but I like this one better. If there is a break where I can re do my chart, I will switch it and post when I do so. DOUBLE EDIT - If the chart stays the way it looks right now, we are forming a rounding top that should top out excluding spikes around 698. Good Luck, Lee

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