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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 665.67-0.9%Nov 17 4:00 PM EST

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To: Les H who wrote (35129)12/13/1999 9:41:00 PM
From: Lee Lichterman III  Read Replies (1) of 99985
 
>>Still on the sidelines, as we don't see a safe trade yet.<<

Isn't that the story of the last year? LOL I haven't seen any "safe" trades, only risky ones where you hope there is a sucker that will over pay by more than you over paid. <ng>

I am looking over my charts and find it amazing that all the companies that had downgrades were up on the day. GTW can't get enough processors and everyone says they are worried that earnings will fall short since they can't meet demand, result GTW up. INTC can't meet demands and is having various other problems, Niles downgrades it and result, INTC gains on the day. IBM warns and closes up on the day.

We used to joke that the worst the outlook was, the more it went up, now it is no longer a joke. Apparently we are in phase 5, sell the ones that make money and buy the ones that lose it the fastest.

Good Luck,

Lee
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