MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.00

+0.2%

Nov 11 4:00 PM EST

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To: Copeland who wrote (9225)	3/26/1999 9:35:00 AM
From: Lee Lichterman III	Read Replies (1) of 99985

Don't expect this to go straight down without news though. Luke, never underestimate the power of the J6P dark side. They have to keep the appearance that all is well in fantasy land for the weekend. I expect a bounce later in the day then Monday will start the real selling if it is going to happen. I am actually more bullish and less bearish since the small pullback. My over bought list shrank significantly and many of my indicators are at mid level but still hinting at further downside. I would not be surprised by anything at this point. I think the SOXX and PC side is going to weigh on the market as is the interest rate but other than that, I think some other sectors could prop this up a while longer. With earnings warnings right now, the bias is definitely down but a last gasp rally in a few weeks could happen with one good report. Abby is looking for any excuse to get to 10K so the IPO of Goldman goes off as planned. Got to go to work, Lee

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