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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 652.56

-1.5%

Nov 20 4:00 PM EST

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To: Terry Whitman who wrote (36139)	12/29/1999 11:57:00 PM
From: Lee Lichterman III	Read Replies (3) of 99985

>>AOL chart is starting to look ugly. This is when I usually short it, and it immediately reverses. <g><<<< AOL is likely to reverse. See my daily chart on AOL off my site ( I haven't updated for today yet but will be in a few minutes) . It is sitting on the middle tine of a fork and the stochastics are prime for a move upwards soon. If I didn't hate Internets so much and it wasn't Y2K in 2 days, I would be tempted to go long. Regardless if it will go up or not, I would NOT be caught short until at least the short term cycle moved up and rolled over again. Good Luck, Lee

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