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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 692.27

+0.3%

Jan 15 4:00 PM EST

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To: Lee Lichterman III who wrote (13813)	5/14/1999 1:34:00 AM
From: Lee Lichterman III	Read Replies (1) of 99985

I highly recommend checking out my candle site at the MDA website today. This unbiased automated scan had nothing good to say about Thursday except for the Russell 2000. It found bearish formations on the SPX, NASDAQ, and DOW. It called them a few other things than Iwould have but the direction implied was the same. I would have labeled them gravestones and bearish engulfing but what is in a name? <ggg> Of course good CPI data could bounce us temporarily but this data is hindsight as far as I am concerned. I don't drive down the freeway by steering in the rear view mirror. Lee

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