MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.03

+1.0%

Nov 21 4:00 PM EST

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To: HairBall who wrote (30418)	10/18/1999 1:22:00 PM
From: Lee Lichterman III	Read Replies (1) of 99985

Thanks for the chart. I did notice though that your stochastic just made the first higher high cycle in a long time. Predicor of the future or a cycle up to start a new series of lower highs?? Pretty much impossible to tell this early IMO. I had the SPX 1235 area as a possible bounce point and OEX 640 a very weak one and have OEX 625 as the longer term target. On NASDAQ I had 2650, 2550 and a weekly support area of 2500 as the bounce areas. The SPX has held up to now but the NASDAQ first line in the sand blew away. I am watching CNN and they keep parading J6Ps in front of the camera. I especially love the guy that says he is buying because he is in for the long term. He looks young so maybe he will live long enough to actually see a gain someday <ggg> Good Luck, Lee

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