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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: HairBall who wrote (13703)	5/13/1999 3:33:00 AM
From: Lee Lichterman III	Read Replies (1) of 99985

OT Did you ever find Bear King? I saw Dave over onthe Kahuna thread tonight, he has been into the glue again and is talking about DOW 50K. <ggg> Can we donate bb's cell atthe zoo and lock David up instead? VBG Actually, I did have to move many of my forks back upwards tonight and I have a few more that I expect I will have to move up tomorrow. There is also signs of irrationality showing up again as inthe initial bounce off the October low. Stocks like HMTT making huge moves the last couple days even though there isn't anyone I know of that thinks there is hope of profit in the future and MU is holding the 40 area. Some people never get enough abuse I guess. Kind of like hitting yourself inthe head with a hammer, it feels so good when you finally stop. <ggg> The ability of the market to bounce after the Primakov and Reubin news either shows a lot of strength or that the announcement was so unexpected that the big money didn't have a chance to get short yet and they need more time to reposition. EDIT - I wonder if Reubin leaving is the same as a companies management selling their positions at the top before the drop. <ng> Good Luck, Lee

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