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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.03

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Nov 21 4:00 PM EST

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To: HairBall who wrote (977)	12/8/1998 9:05:00 PM
From: Lee Lichterman III	Read Replies (1) of 99985

>>Funny how different methods wined up in the same place<< More so than we realize. At first I thought Don's target for a downturn near the end of this week was going to be too early. I just finished my charts a little while ago and my indicators shot up faster than normal and at this rate should top out Thursday. Many of the individual issues are either already topped or so close they will be a few hours into trading tomorrow. So now we are in sync even though originally we were not. His are time based, mine are price action weighted. Also notice how the new lows increased on the NASDAQ again today. (yesterday 80, today 88) doesn't look good short term. Now comes the fun part, seeing how much we fall in relation to the downswing in my indicators. Any chance this would coincide with the impeachment hearings rapping up, earnings warnings etc? We have to have some sort of news to blame these cycles on. <g> Good Luck, Lee

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