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Strategies & Market Trends : MDA - Market Direction Analysis

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To: donald sew who wrote (10207)	4/8/1999 12:11:00 AM
From: Lee Lichterman III	Read Replies (1) of 99985

>>Well, I have not yet turned less bearish yet for the short-term.<< versus >>I just turned extremely bullish. gggggggg<< Talk about whipsaw action! <ggg> I agree on the mixed signals. As per my previous post. Many of the financials look over extended. WFC for example close to a resistance point yet the Bank indexes look ready to run. Is C going to try it alone again like before? PNX - trying a breakout. Any thoughts to if it will succeed? Resistance congestion at 480, 485 then 490 but then? bb - Be careful with SCH. I have a fork where the middle tine held till today.(handle from low on Jan 6th, upper tine from 1 Feb high and lower tine from low of 10 Feb) It crossed over and if it doesn't reverse soon, the upper tine is up around 135-140 area. It won't do it all at once since the indicators are maxing out soon but a pause then break again could propel it higher. On your other one you hinted at, I have had 3 class 3 sell signals on it. Not the strongest of signals but it shouldn't burn you too bad either for trying. Good Luck, Lee

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