MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 681.44

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Nov 10 4:00 PM EST

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To: Benkea who wrote (26236)	9/18/1999 1:07:00 PM
From: Lee Lichterman III	Read Replies (2) of 99985

>>we ARE going to break out of the trading range violently - one way or the other - soon.<< What worries me is the possibility that the first break out could be a head fake. Hard upwards to squeeze shorts, entice in bulls then whip saw down even harder. Robert - because the rally gets narrower each month and eventually it will become too obvious to ignore or bad news will hit the one remaining stock that is climbing. You can stack alot of bricks like a pyramid but you can only stack one brick on top of another single brick so fa before the stack falls over. We are eroding the base of the market and if it continues, the whole thing will topple. Good Luck, Lee

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