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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.93

0.0%

Nov 14 4:00 PM EST

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To: donald sew who wrote (26684)	9/23/1999 5:23:00 AM
From: Lee Lichterman III	Read Replies (1) of 99985

I got a short term buy signal on the DOW tonight but on nothing else. The others appear to be a couple days away depending on what today does. Weekly charts are still way over bought on the tech side of the house. I still think that we could bounce due to window dressing and such to the point that despite the ugliness I am actually comtemplating a long play. Someone talk me out of it <GGG> DOW chart looks like crud on P&F, but many of the sector indexes are putting up a fight here. Life could get real interesting soon. GLOBEX needs to be in the high 400 range to trigger an opening buy and only needs to be down about .68 to trigger a sell. Open is definitely biased downward so be careful on the open all. Running late so have to run, See you all around 3:00 Good Luck, Lee

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