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

To: Les H who wrote (20263)	7/16/1999 9:08:00 AM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 99985

OT If you like those stocks, check out FLEX. I have been trying to figure that chart out for 2 weeks. A large bullish triangle I think but the stock is already over valued. I am watching this one close to see how it resolves and as a clue to what the rest of the market has in mind. A few of my other stocks that I watch that have mostly institutional ownership are trying to rally right now which is one of the reasons I am leaning to the bullish camp despite all my over bought readings. Once again, no matter which way it breaks, we will be able to pull out all kinds of examples pointing to why we should have seen it coming. If we go up, it will be all the flags, wedges and triangles. If it is down, it will be the put/call ratios, VIX, over bought readings and indexes/stocks at resistance lines. Unfortunately they don't reward hind sight. <ggg> EDIT- in case I forgot to mention it, I think the XBD broker index is another one worth watching. It has been tracking nicely in a channel and moved up slightly yesterday after testing support. I thought I mentioned it yesterday or the day before but it may have been at my site. Good Luck, (This time I really am leaving for work <g>) Lee