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

To: Les H who wrote (20258)	7/16/1999 8:44:00 AM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 99985

I am using a 5 day TRIN for my outlook, not a single day. I believe GZ uses a 10 day TRIN and if he is lurking around could let us know where his 10 day is although I don't remember if he uses a 10 day TRIN or a 10 day Adv/Dec. I have been watching the UTY close as I also believe there could be a bounce there but a few indexes looked just like it then tanked. The most recent example was yesterday's action in the FPP. The transports ae also candidates to watch for a move up as I like their charts even better than the utilities but with oil still moving up, I am not real bullish despite the chart read. Don, I am in total agreement and the response to your signal is one of the big factors I have been waiting on to see where to look for the movers. I just wish they would hurry up !!! The last few signals had reactions but they were minor so that another signal was just arond the corner. As I said, with the Bollinger Bands tightening up, they have to break hard sooner or later and I fully expect them to make their move soon as options expiration is over. I just hope they don't head fake us one way first then run the other way. Hi Ho, it is off to work I go, Good Luck, Lee