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

To: HairBall who wrote (18405)	6/24/1999 8:51:00 AM
From: Arik T.G.	Read Replies (1) \| Respond to of 99985

Trading days. HK and Tokyo investors mostly have different culture and environment but responded remarkably the same. We're all of the same species. C.G. Jung's the man. ATG

To: HairBall who wrote (18405)	6/24/1999 8:51:00 AM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 99985

I had a nightmare type evening and morning so the sites were all late getting updated. They are all up to speed now. Gersh, thanks for the GLOBEX update. I wrote the numbers down from your chart at MDA but then forgot to update the page on my site until I saw your post. Good Timing !!! Reuters finally fixed their indicator data so I was able to update the TRIN chart. While it is far from showing a turn LIKELY, it is showing that it could turn in this narrow trading range soon. My charts overall looked mixed. Some signs of strength in the techs as Don' day two scenario allowed them to stay "flat to up" which was the perfect description for their action yesterday. As such, they almost look like they are forming bullish flags here but then again the DOW chart looked the same way until yesterday's pullback transformed it into more of a downturn. The DOW momentarily touched my bottom tine but I am still hoping for another "firmer" touch at least. Of course I am biased since I am still accidently stuck with some DOW puts right now. The NASDAQ looks like a bull flag but as I said, Don's day three scenario could change that, today will be important IMO. The TYX is still following the fork nicely and could still hit the 6.2-6.25% by next week as I stated earlier in the week. Futures just jumped up as our markets opened after the world markets thinly traded it down most of the night. Lastly, just a comment about the dumbing down of America, hope I don't insult anyone here... Was there ever any doubt that MU would miss? Who are these people that keep thinking MU is going to do a Cinderella and turn around years of losing massive amounts of money. W. C. Fields was right, a sucker IS born every minute. All I can say to those that keep running MU up, "Duh!!" <ggg> Good Luck, Lee