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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 694.07

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Jan 29 4:00 PM EST

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To: Casaubon who wrote (7176)	2/28/1999 12:27:00 AM
From: Lee Lichterman III	Read Replies (1) of 99985

>>As far as I can tell the retracements we have seen in the markets, of recent, have not been accompanied by large volume. << Have you checked DELL, AMAT etc? I just looked at a stock for a friend that wanted to "buy the Dip". I don't remember what the symbol was now but it had a drop of 10% on 401% above normal volume. I may have been wrong but I told him he was nuts to even consider dipping on it right now!!! Many I have been looking at and runnig scans on are still in high volume mode. Now don't get me wrong, as I wrote in past posts I wasn't even considering longs a week or two ago and got into some mildly heated discussions with a few people for risking missing the "rally". My system is now starting to near dipping on a few tidbits soon. Not sure when or how heavy I will go yet as I have to weigh many things and my system should give me a few days additional warning before it decides to awitch to the long side but it is already showing a few issues on the brink of over sold. It will continue to be a timers and stock pickers market for the rest of the year. BWTHDIK, Lee

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