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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 652.53

-1.5%

Nov 20 4:00 PM EST

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To: Challo Jeregy who wrote (28834)	10/8/1999 2:44:00 PM
From: Lee Lichterman III	Read Replies (3) of 99985

To clarify, Monday I believe the market is closed, and like all 3rd Fridays, next Friday is expiration ( not to you Challo) Challo, I saw that exchange, interesting indeed but note where it didn't work in April. I follow that thread too although I mainly lurk. Just ran through all my tracking stocks and it appears today's rotation was credit card companies (COF, PVN), the high flyers like HLIT still moving up but there must have been some news that killed XRX (-10+) which may account for the weakness in other hardware like EMC, SUNW and IBM. Telecom is still holding up well but has slowed somewhat. I still don't see where all the rise is coming from so it must be somewhere I don't watch. For all the bullish talk by some and the way the indexes look, there is a lot of hidden something going on. I keep a running tally sheet on about 20 stocks and most have bounced then dropped almost right back to where they were last week. I have beenseeing some narrow rallies lately but this is ridiculous!!! Good Luck, Lee

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