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Strategies & Market Trends : MDA - Market Direction Analysis

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To: Benkea who wrote (34459)	12/1/1999 1:39:00 AM
From: Lee Lichterman III	Read Replies (2) of 99985

>>Anyone have any expectations re: the size of the pullback? << A lot depends on the big boys like CSCO, EMC and SUNW as I refered to in an earlier post. If they stay weak, then we could get real ugly fast. I am looking at 2800 myself right now but since my old fork was violated during the blow off, it is a tough call. By the way, congratulations KM on your puts, I was starting to think that they would never fall. I do expect another push up but I am afraid to buy ahead of the FOMC since I do expect a tightening bias at least and therefore feel that others may feel the same as I do. If so, things could get cheaper than I expect. I am actually slightly bullish though and already have some buys on my radar screen. Just waitng for a sign. I found it odd that today the market internals were better than on the past few days when the markets were up. Strange times we are in. Good Luck, Lee

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