MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 681.44

+1.6%

Nov 10 4:00 PM EST

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To: Dwight E. Karlsen who wrote (42702)	3/10/2000 1:32:00 AM
From: Lee Lichterman III	Read Replies (1) of 99985

Also don't forget the new minimum wage increase passed today. That should help ease the wage pressure reported inteh beige book report from yesterday. <g> Robert Graham, thanks for the in depth analysis! I was only watching GE as a break of resistance indicator as I was also eyeballing the 125 level as critical. I wasn't actually looking to trade it though and what I was asking for was if they bought their own stock on the first or second Wednesday of teh month. The correct answer apparently was the first Wednesday which explained the pop last week and then the weakness this week. I am now watching a few other DOW stocks but most have max pain at their current levels so I will wait except for one but I want te get in it first. <ggg> Everytime I post one, it jumps before I can get in! I may not be making 400% in the high flying techs but these dead cat bounces in teh DOW issues for 10% aren't too bad and if I have to hold them an extra day, at least I can sleep at night. PS - I was not posting today nor will I be for a while since I had to go back to the grind and can't post during the day. Good Luck, Lee

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