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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 14 4:00 PM EST

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To: Lee Lichterman III who wrote (25643)	9/13/1999 7:14:00 PM
From: donald sew	Read Replies (5) of 99985

Lee and ALL, decisionpoint.com CAUTION/CAUTION/CAUTION............. The DOW was flat and the the NEW LOWs increased dramatically and quickly - THAT'S NOT GOOD. Im not one for calling big moves but this is not a good situation. If the CPI numbers come in good, that may delay/minimize the negativity, but if it comes in bad, the market could head down strong and may head back down to the lower part of the TREND CHANNEL, if not more. We also have expiration week which could skew the market to the upside/minimize the negativity, but the negativity could catch up next week if not a few days earlier into this week. Rather than looking at simple numbers, I prefer to watch the rate of change. In 1 day the NEW LOWS increased DRAMATICALLY, not just a little. NOT GOOD!!!!!! DANGER WILL ROBINSON!!!!! Seeya

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