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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 660.19

-0.8%

Nov 18 4:00 PM EST

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To: JDinBaltimore who wrote (30424)	10/18/1999 4:23:00 PM
From: Lee Lichterman III	Read Replies (2) of 99985

Ooops, forgot to add in my response to you that I did agree that if the CPI numbers were not real bad we could rally although posting this now may look like a hindsight thing. <g> Tomorrow will tell. I wanted to dip a bit here but waited too long trying to save an 1/8. Duh!!! Now I am hoping for a fake out and dump. (Double grin) Will knwo more when my charts come in but like I said, we were close to a lot of my support areas so a bounce here was likely, the million dollar question now is how much and for how long? I only had short term over sold signals as of Friday so the bounce could be intra day ( as in this was it and it is over) to a couple days only. If we dropped low enough today to trigger stronger signals on my charts tonight, then the rally will likely last a bit longer. I won't know until I get my data and run them all through. Good Luck, Lee

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