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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 686.96

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Dec 30 4:00 PM EST

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To: Lee Lichterman III who wrote (29534)	10/14/1999 7:59:00 AM
From: Gersh Avery	Read Replies (1) of 99985

Lee Burney don LG HEAD FAKE MORNING .. Futures and currencies have both turned and have slopes that make sense for a further decline. They are just starting from a higher point. Mareket opens .. cash rushes up to meet futures .. futures are declining .. when the two hit at fair value (which takes only about two minuets after the bell) they both act like "daaa .. wha happened" kinda like they met head on and it hurt .. then they figure out which way they are supposed to run .. most of the time that works out to be to resume the slope of the futures .. Again .. HEAD FAKE MORNING .. turn time will be when they stop being dizzy. my view .. just remember .. the charts sing to me .. and I can lose a lot of money when they lie to me<g> Gersh

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