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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

+1.0%

Nov 21 4:00 PM EST

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To: dennis michael patterson who wrote (1782)	12/14/1998 7:50:00 PM
From: Lee Lichterman III	Read Replies (1) of 99985

Gersh, you may be closer than you think with your question as to if you should buy. Dennis, your scaring me. I actually might be in agreement with Favors. Well, not me but my indicator anyway. My computer is saying there is a possible buy to be generated possibly as early as Wednesday. Doesn't make sense to me either but I will be watching it close tomorrow night. I have a X-mas part to go to so I won't be able to dig into my normal routine tonight but I did notice on a quick scan of the charts that financials didn't get beat up too bad (PVN and COF held up. The stocks that were beat up last week held today (KO and PG) and some of the high flyers that weren't touched before are still up (BGEN, FLEX etc). Like I said, I didn't dig deep and won't have time to tonight but I chart by hand about 50 stocks and noted some strength which contradicts a real honest breakdown. This could be a headfake for that cash that was collecting over the last couple weeks to go back in and push us up one last time before the real BK. Not suggesting long by any means, especially with the way the internals looked. I also see a weak support point where Favors does by using the left shoulder on the DOW chart around 8575. (tough for me to see exact because my chart is a bar chart.) 'to whomever this missive may offend, i offer my sincere and heartfelt apology'. maybe that will proactively deal with all those whose sensibilities are clearly too delicate to be posting or reading internet message boards... LOL (I liked that) Good Luck, Lee

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