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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 672.04

-1.7%

Nov 13 4:00 PM EST

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To: bearshark who wrote (12774)	5/3/1999 10:54:00 PM
From: Lee Lichterman III	Read Replies (3) of 99985

Just for the record also, according to my quote service, the Actual DOW close was 10971, only the theoretical was over 11K. I have daily class one sells onthe CEX and transport indexes, class 2 on Paper. According to my indicator data, it appears we have about 2 more days of improving Advance decline and favorable TRIN before the reversal should come. On the Bullish side, GE appears to have formed a hammer bottom at a minor support level. Also in the "how appropriate" category, I got a weak buy signal on the XBD Brokerage index just in time for the Goldman Sachs IPO. Question to all, I know that after an IPO, the servicing brokerage usually will prop upthe price for a few weeks afterward to ensure that the stock "appears" healthy. Anyone know how long this is usually done? 2 weeks, a month? Good Luck, Lee

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