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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 674.96

+0.9%

Nov 25 4:00 PM EST

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To: Challo Jeregy who wrote (31556)	10/27/1999 12:40:00 AM
From: Lee Lichterman III	Read Replies (1) of 99985

Well I was calling for GE to fall to 118 but it is too dangerous to short. Better as one of those woulda shoulda coulda type trades. <g> GE is a favorite index proxy to dress things up especially since most of the other DOW stocks are missing earnings or are just over all weak. Of course that will change once MSFT and the others get into it. Just think, they will be able to buy MSFT and prop up both the DOW and the NASDAQ at the same time. Heck they should be able to drop the Advance Decline ration another 20% and still make the DOW and NASDAQ look like the market is climbing now. <ng> A friend told me about a site where someone apparently got a hold of an old hard drive from Wash DC that is supposed to outline market manipulation cycles, the purposeful dumbing down of America etc. I of course take it with some skeptisicm but even though I know how we clean our stuff and are supposed to destroy everything, I also know that things slip through the cracks all the time. I haven't been able to find the site that has the documents on it but what a read it would be if true !!! Just think now that Robert Reuben is joining C, we can have a double edged Plunge protection team. Now we will have to watch both GS and C. Reubens first words as he walks in the door to C will probably be "short the H*** out of this bubble" <gggg> Well I sat onteh fence too long knowing it was going to drop but afraid to bet heavy on it when it wouldn't go down on teh bad news the other day. They fooled me once again I guess but at least I wasn't long either. GLOBEX can be +171 and still be a sell. Dollar holding up sofar but it is testing the 97.4 support already. EDIT - >>Both in the same day<< No a sucker rally first then a drop a few days to a week later. Good Luck, I have to price a long shot option play, Lee

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