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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: bobby beara who wrote (7377)	3/2/1999 10:36:00 PM
From: Lee Lichterman III	Read Replies (2) of 99985

>>On the Bizarre side of sports, the COMPX a/d line is at 1929 -g- Right as we hit day 55 and are on critical supports on the nasdaq.<<< If you like that, wait till you see my NASDAQ chart on Monty's MDA thread site. I sent him my bearish one tonight. I forgot to mail it right away again so it may not show up until tomorrow AM. It has the nice H&S labeled with the target even. Of course now that I made it public, the NAS will rally 5000 points. LOL Sideways till Friday for the J6P affect then Black Monday? Seriously, I have a convergence of lines starting to all line up around mid month so we either drop then hit bottom around then or else hold for expiration then tank. the BKX is getting near resistance here soon and the nuts are getting tired as expected. Not much else to prop this puppy up much longer except telecom and they should top soon also. Still not sure what to do about the oil sector as we have a lot of reserves already. Maybe an OPEC war when someone catches someone else cheating? <VBG> Good Luck, Lee

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