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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 660.08

-0.8%

Nov 18 4:00 PM EST

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To: donald sew who wrote (27006)	9/24/1999 5:14:00 AM
From: Lee Lichterman III	Read Replies (1) of 99985

Agree the charts look nasty and the weeklies don't look much better nor the P&F. I was hoping to update my site on all the charts but just didn't have time. Like I said I was short on time so I only got a quick peek at teh charts but it appears that the end targets are DOW 10K to 9800, SPX 1230, NASDAQ 2650 or even 2550-75, OEX 655 and possibly 640. Still no buy signal on anything other than the DOW on my end. PPT trying to hold up the futures at 5 AM. They shot up strong and went slightly positive but then slid back down a few. Fed must be giving Goldman free loans of cash at zero percent to try and keep this thing up. <ggg> Have to go to work bt I will post more tonight and update the site with teh weeklies, 3 line and P&F Saturday morning so everyone can see how bad this really looks. Anyone think this is all a ploy so AG won't raise again since he said that equity prices weighed on their decision to raise last time??????? Exscuse to take profits and then have fuel for a rally after FOMC. Just a thought. Good Luck, Lee

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