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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 14 4:00 PM EST

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To: Les H who wrote (12401)	4/29/1999 12:42:00 PM
From: Lee Lichterman III	Read Replies (3) of 99985

Good Point. I used to use the TICK when I traded during the day, relying on it heavily for entry and exit. I was just observing it and was using my old trick of pulling up a 24 minute chart to see hhere inthe cycle we were and noted that we have beeninthe down cycle the last 2 days. We are approaching the area where it will usually swing heavily negative pushing the indices down to get a last shakeout then it usually reverses up. My question is open to all but since the DOW has not been affected by the negative bias so far, will it be immune to the upside push I expect to come this afternoon or will it propel it up in a push towards 11000? I was also noting how many of the indexes, stocks etc I trach are approaching hourly support lines. They are all still not down to their daily supports yet however. Maybe the last push down will spike them there temporarily. I need to do this more often. I am really rusty at this. <ng> Good Luck, Lee

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