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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.47

+0.6%

Nov 28 4:00 PM EST

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To: Dwight E. Karlsen who wrote (30876)	10/21/1999 1:17:00 AM
From: Lee Lichterman III	Read Replies (2) of 99985

I don't see anything pointing to a crash just yet and on a Thursday?... Not a good day for a crash. <g> Better to drop, have a J6P rally on Friday then crash on Monday like I posted last weekend. Talk about 87 to scare people, rally the market up this week to get them to let their guard down and sucker them all back in then take them ot the cleaners a week or two later <g> I am still neutral despite the futures. I thought we would get a bit higher before the other shoe dropped so I am not sure this drop will be THE drop. I do have a class 2 over bought on the TYX so a bond rally of some sort should start i teh near future. The million dollar question is will the rally be due to some good economic news or will it be a flight to quality as the stocks all come crumbling down. Whipsaws are getting harder and faster as they rip my charts apart making the turns harder to predict. I have to agree with KM, I wish this market would pick a direction and stay for a while. No way for us working stiffs to trade if we can't hold a trend for more than 6 hours. Good Luck, Lee

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