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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 674.96+0.9%Nov 25 4:00 PM EST

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To: Lee Lichterman III who wrote (14927)5/25/1999 8:39:00 PM
From: Skipperr  Read Replies (1) of 99985
 
Hi Lee,

Regarding your, <<I was just recalling the chat session Sunday night where someone chastised us for being all cash. Wonder how he is doing tonight????? I know I slept well last night. >>

I was also one that he chastised for being in cash right now!

Looking ahead, and the reason I'm very cautious now, can be described by these two URL's that show that the 9-month cycle should bottom in July:

1) bottom July 9:http://decisionpoint.com/ChartSpotliteFiles/1999Forecast.html

2) bottom mid-July (1999.62)
pei-intl.com

Lastly, this is a good perspective:
decisionpoint.com

If you observe the last chart on the previous link, it shows why a more-defensive posture is very attractive right now.
(To confirm this:http://hirschorganization.com/almanac/sta-pg54.htm)

I believe that it is wise to be too early rather than too late :-]

Best regards,
Skipperr
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