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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 681.43

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To: Jon K. who wrote (13108)	5/6/1999 11:37:00 PM
From: Lee Lichterman III	Read Replies (2) of 99985

You grin but William Hueb doesn't give false alarms often and he is stating that he sees one now on the Kahuna thread. He was bullish the last few months but tonight he posted he sees a drop to around 8K by mid October. Far off but like I said, he obviously sees something that scares him. Have to stop responding to messages. I am behind on getting my charts done and posted at my various web sites. bb - I will look at AOL whenI get to it in my charts. As I remember though, today's close put us below the fork tine so it could drop a lot farther than 111 to get to the one below it. As I recall off the top of my head from last night, I had DELL going as low as 36, EMC 85, MSFT bouncing where it is now. BUt again these are from memory. Today's candles, chart patterns and lines will disclose more. I did notice volume was high on WMT and EMC which was not good since they didn't make hammer bottom candles which is the only time I want to see high volume on a sell off. Good Luck, Lee

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