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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 681.44+1.6%Nov 10 4:00 PM EST

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To: Teresa Lo who wrote (9460)3/30/1999 1:06:00 AM
From: Lee Lichterman III  Read Replies (2) of 99985
 
I tend to agree. I was a little leary of this move even though I thought it was a 60/40 chance the other way this weekend. However I just visited the MDA chart site and Monty's charts and LGs charts look bullish to me. LGs indicators are making higher lows and turning up and Monty's stuff looks the same on his summation charts. My mid term stuff is in the middle and my short term stuff is approaching over bought but my trading signals work off of my mid term indicators so I doubt I will get too many triggers to go short right away.

Tough to play along on this rally though unless you want to over pay in the hope that someone else will over pay more. <ggg> I think I will just wait for the go ahead to go short.

PS - Anyone use Reuters Market Clip and know how it works in steel buildings (i.e. old aircraft hangars <ggg>) I need some way to track the market during the day and they have a good deal going on right now. I ordered some literature but they didn't seem too feel that it would work in my building. My ISP isn't unlimited access so I was hoping to use the wireless modem.

Good Luck,

Lee
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