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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 670.92

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To: dennis michael patterson who wrote (40291)	2/14/2000 9:19:00 PM
From: Lee Lichterman III	Read Replies (1) of 99985

>>showing a big siphoning of the money<< I have been seeing the exact opposite. Everyone was originally expecting the liquidity to dry up by 6 Feb due to teh pre Y2K repos all coming due but they have been pumping it in at the same rate the whole year so far ( 6-8 billion per day) There were a few days where they only pumped in 4 billion and those were the big down days. I read this morning that there were 15 billion in repos done during the weekend for today and the market still couldn't hold up too well. Now I will say that in the discussion so far, while the charts do look like things could get ugly, the OEX max Pain point is about 25 points above where we are now so they will try like heck to get it up before the week is over. of course with AG talking Thursday, the PPI and CPI, I am not sure how hard they will try. They already made a bunch in premium erosion so why spend the profits trying to save the last dollar if AG might say something to tank it anyway. My best guess and I repeat GUESS, is if AG doesn't say anything earth shattering, they will use that as an excuse to rally hard late in the week. I am posting blind as I haven't done my charts yet. Went and got all my LAN cards, hub and cables to network my house. Don't get a digital camera! -ggg- The wife filled up the hard drive in a month that I never got past half full in 2 years. Now I have to network all my computers so we can share teh CD burner, printers etc and then get her another hard drive. This photo hobby is getting expensive -ggg- Good Luck, Lee

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