MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 677.56

-2.0%

Jan 20 4:00 PM EST

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To: Jorge Sierra who wrote (33993)	11/22/1999 10:31:00 PM
From: Lee Lichterman III	Read Replies (1) of 99985

Well I am not looking for a 10% correction...yet. I am more inclined to a small pullback, then another thrust up. I also can not help but thinking this is just more window dressing like last summer where we will get sector rotation in the various indexes. Money moves out of the NASDAQ after it hits a nice round number like 3500 to make the SPX hit a nice pretty number then they push the DOW up to a new high etc. All the while doing it with less and less money pushing fewer and fewer stocks until they let go. All I know is T, KO and MSFT does not make a true rally for the DOW. Unfortunately I have WMT and a couple others next in line to take theri turns in the rotation game. I am not looking for anything major right here but I will be in a few more weeks. I still stand by my earlier post that the FOMC will announce a tightening bias next month. UNtil then, pass the glue. Good Luck, Lee

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