MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 679.68

+0.7%

Nov 26 4:00 PM EST

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To: StockOperator who wrote (7861)	3/10/1999 4:37:00 AM
From: Lee Lichterman III	Read Replies (1) of 99985

I am way behind and busy as heck so I apologize for not contributing much the last few days. I just saw your post and mention of QWST and thought I would chime in real quick with a warning. Though I agree that telecom has been very strong, I received a class 1 sell signal on QWST tonight that usually indicates a pullback within the next 3 days. Of course no system is flawless but just thought I would let you know that it shows over bought by my system so be careful if you are thinking of going long on it. (My system only tries for moves around 5 points or so since I am mainly an option trader and I try to grab quick movements in stock price. QWST could still climb over the next month or 2 but my signal implies a short term drop in the next week) Good Luck, Lee

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