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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 665.67

-0.9%

Nov 17 4:00 PM EST

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To: Challo Jeregy who wrote (5583)	2/6/1999 4:58:00 PM
From: Lee Lichterman III	Read Replies (1) of 99985

Good point. PS - I did those changes on my site this morning and all charts are updated. Note my comments under the picks area. Even though we dropped, I show many individual stocks could bounce short term before continueing the slide. I couldn't find many issues where the weekly and daily charts would line up for a good short. I hate this when I see the market doing things yet can't key in on a play to take advantage of it. This game gets really frustrating sometimes. <ng> I am not sure what to make of the way the XAU seems to be projecting a near term top at about the same time there won't be much left to prop up the rest of the market since the two usually move opposite each other. I am also disturbed by the way the utilities and the oils blew right through supports during their drops. Is this what is in store for the rest of the market. It just seems too coincidental that sectors are melting down one at a time, quietly with no one paying much attention to it. Maybe it is getting close to the time to refinance the house and start shorting the indexes. I can't put my finger on why, but I am starting to get afraid. I don't see the axe murderer in the hall but feel he is hiding in the shadows and will jump out when I least expect it. All my friends just disappeared one at a time so I have to go search the dark halls now, alone, walking backwards while wearing high heels without a flashlite. I'll be right back. PS-Do you here a sound like velcro tearing??? Bobby, is that you, David?? Is anyone there.... Lee

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