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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 660.08-0.8%Nov 18 4:00 PM EST

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To: Zeev Hed who wrote (3173)12/31/1998 8:58:00 PM
From: Lee Lichterman III  Read Replies (2) of 99985
 
I agree with what you are saying. My point was some of you enjoyed the whiplash in the last hour while I was wetting myself. I came out OK and I guess in hindsite it was invigerating (like almost getting hit by a truck).

The last 2 weeks really clouded the picture up and I have been reading differences in opinion on many issues including does 401K money really move the market very much after the first of the year, is window dressing really a factor etc. My charts say we are topping and this is not only indexes but also most individual issues. Of course there are some that don't fit the mold but the majority do. I think we should pullback some, nothing major yet, then rush to a new high before collapsing on a reality check.

Ranges for first part of year, 8650 to 9650, I won't even try for year end prediction. By then it may come out that Elvis is CEO of AMZN, MU is making money and oil is free.

Don, if you open that resterant, make sure and save me a seat on opening night.

Best of luck to all in this new year. Lets hope we all have fun, make a profit and no one gets hurt surfing the waves.

Lee
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