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

To: HairBall who wrote (16573)	6/9/1999 2:22:00 PM
From: j g cordes	Read Replies (1) \| Respond to of 99985

LG.. no challenge, certainly no ridicule! The only posters that get my ire are the drive by shooters, who have nothing to say or question. You on the other hand, with your provocative posts, invite inquiry and discussion. Keep up the good work.. I'll be pleased to look at your site tomorrow morning when I can take the time to appreciate your efforts. thanks

To: HairBall who wrote (16573)	6/9/1999 6:53:00 PM
From: Lee Lichterman III	Read Replies (3) \| Respond to of 99985

Just ran the initial numbers through the TYX chart and it kicked out a class 2 over bought signal. I have had 18 of these signals since 1993 and only 3 were false alarms. My tines on my forks are projecting 6.1 but due to this signal, I feel that the chances of a pullback here soon are high. Maybe the data will be good this week? Not sure. Just thought I would post this as I work my way through the rest of the posts. The false signals were in Feb and Aug 94 and Feb 97. All the rest resulted in at least temporary pull backs. Some of these pull backs were brief and then continued up again so we'll see. Amazing market. Bond falling and the most high PE stocks go up moving the NASDAQ up over 40 points and leaving my puts still under water slightly. Here is to praying that Don's day three scenario works out and/or Carpino's drop into the end of next week is hard and fast. My patience on this position is wearing thin. Anyone ever traded options onthe TYX if there even is such a thing? I don't have the cash required to trade Bonds. Good Luck, Lee