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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.31

0.0%

Nov 12 4:00 PM EST

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To: Lee Lichterman III who wrote (29125)	10/12/1999 6:56:00 AM
From: donald sew	Read Replies (2) of 99985

Lee, >>>> What are you doing up at this hour, I thought only idiots like me were up. <g> <<<< Firstly, it was about 5am my time when I wrote that message, which is not really that all that early since I normally wake up at 5:30-6:00. To make you feel bad (GGGGG) you are in the MOUNTAIN TIME ZONE and thats really early. Dont take me serious for one second. gggggggggg >>>> Confusing times like always lately. I don't see a large decline yet but I am getting a lot of over bought signals but most are still short term signals and not the type that signal larger drops. My longer stuff points to another week at least and it could take as long as the end of the wedges you pointed out. <<<< Yeah, I agree. I may be making too much of the issue, but it is quite obvious that the market is trading from one economic report to another. And if the TRADE DEFICIT REPORT is bad next week, which I am suspecting, then that should be too good for the market, and could ignite stronger selling if the news is bad enough. With the NAZ at such high levels, Im not sure if good earnings can push the overall market up alot higher, since I am suspecting that good earnings are already priced/partially priced in. seeya

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