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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.47

+0.6%

Nov 28 4:00 PM EST

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To: HairBall who wrote (14315)	5/19/1999 2:38:00 AM
From: Lee Lichterman III	Read Replies (2) of 99985

I am also updated but am unhappy about the way the trend lines and forks are about to move. I feel strongly that we are about to have a shift in the trend to a downward bias due to many of my indicators yet there are no good downward forks oer trend channels I can find at a quick run through. I wrote you an earlier post but went off on an off topic rampage that made me delete the whole thing and take a cooling off. (news is no longer news but just further dumbing down of America) I feel that any further rallies should be shorting opportunities and that the only reason we are holding up right now is due to the Max Pain points for Friday. Note that HWP after earnings rally was equal to 46 DOW points. To all, take my daily charts with extra salt since I feel that the trend is about to swing down but there will be a delay as the trend changes before the channels will be clear. Good Luck, Lee

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