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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 660.19-0.8%Nov 18 4:00 PM EST
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To: bobby beara who wrote (35920)12/23/1999 3:14:00 PM
From: Lee Lichterman III  Read Replies (4) of 99985
 
Looks to me like a bearsih wedge forming especially with the stochastic getting toppy BWDIK.

For some entertainment, you can stroll over to IKE's thread and watch him patting himself on the back again. I guess he skips all the posts where he was shorting at the recent low just like he skipped the ones where he was 100% long calls at the top before the last drop. He is often right and I respect that he sticks his neck out on calls, but his constant boasting even when he has been wrong is comical.

BTW, you never responded to my post when I was quoting Monty Python's Holy Grail, hope you realized it was a joke in response to your post about the thread now being market direction and trading insults. I did make sure to put a <g> after it.

Funny how the indexes are screaming yet the QQQ is barely moving and many of the stocks I track are only mildly up. Up volume is impressive but over all volume is light in pre-holiday trading.

Next week does the Santa Claus factor win out or will someone wake up from their post holiday hangover and look at the Bond and think "what in the world was I doing"? Kind of like waking up in the AM wearing a pink tutu, cowboy boots and seeing various barn animals in the bedroom but that is another story. <ggg>

Good Luck,

Lee
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