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Strategies & Market Trends : MDA - Market Direction Analysis

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To: Lee Lichterman III who wrote (3165)	12/31/1998 8:00:00 PM
From: Zeev Hed	Read Replies (2) of 99985

Lee, I think today was not indicative of a true technical picture. With many "professionals" on vacation, and the others quitting early today, the normal balance between the various forces got out of quilt during the last two hours, IMHO. Such a market under normal trading circumstances (not the last day of the year) would be indicative of liquidity moving from the "generals" to the troops, but I think the strength in the troops is temporary, and if such a liquidity shift is occurring in earnest, it would actually weaken the underpinnings of the market and lead into a sizeable correction. Lets wait for the the first few days next week, I think we might get a clearer picture. Happy new year to you, yours and all other threaders. Zeev

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