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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: HairBall who wrote (16493)	6/8/1999 10:43:00 PM
From: Jerry Olson	Respond to of 99985

ROFLMAO...hahahahahahaha...no way huh???? hahahahahaha oh LG that was funny... tips on QCharts???? yesh i get it..i have to go it alone...sad... hehehehehe...i tweak all those indicators everyday..they beg for mercy...hehehehehehe.. oh man..i'm outta here...whew!!! the chardoney was terrific... see guy...

To: HairBall who wrote (16493)	6/9/1999 1:17:00 AM
From: Lee Lichterman III	Read Replies (3) \| Respond to of 99985

LG - I noticed that we are up against your resistance line on your TYX chart yet with the heavy selling today, one would expect some continuation tomorrow. Any thoughts as to how this might resolve? While my forks show a little more upside possible, my indicators are geting fairly severely over bought short term so I too expect at least a short term pullback soon. Not sure myself how this could work out. Maybe a flight to safety buying spree inbonds as the market takes a dip, but then that would also aid the market in recovery as the rates dropped. Lots of unknowns hitting the market all of a sudden. People reigning off the FOMC board, senators threatening to block the treasury nomination etc. This market would go up in case of all out nuclear attack as long as they knew what time the missles were supposed to hit. Whatthis market doesn't like is uncertainty and that is the variety of news we are getting now. When I updated tonight's charts, I saw what you were talking about with support levels. A lot of things turned where they were supposed to and many ended the day sitting onon near important supports or fork tines. Tomorrow should be very interesting as should the following day. As I wrote yesterday, there were a lot of descending triangle violated to the upside the last few days but tonight, most of them had prices fall back within them. I did some freshening up onmy reading about descending triangles and it stated that often there is a false breakout and to be attentive to a sudden reversal. Well I am now after the fact <ggg>. I guess it fooled a lot of people or at least me for sure. Not sure what to think if this whipsawing. Low volume onthe rises the last few days and now low volume ont he pullbacks. Is everyone on vacation and just the SI crowd is left trading to each other????? So far futures are holding up well despite the large drop in the dollar. Maybe we will see the selling when Europe opens later tonight or else a pullback was expected already. I checked historical DOW data and today's pattern dropped in roughly all but 3 occurances the last 6 months so I do expect some follow through at least during some part of tomorrow. There were a few examples of hanging man formations so we could dip then recover. Gersh, what are our levels for buy/sell programs. I am lost without your data. <ggg> You still have a 4 June chart up at MDA. Help me OB1 Kanobe, your my only hope. <g> Don, You are amazing!!!! Right when it looked like the market was going to blow through resistance, it reverses right where you said it would. That is some system you have figured out. Good Luck all, Lee