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

To: Challo Jeregy who wrote (20919)	7/23/1999 3:21:00 AM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 99985

Well I am not as sure of a bounce now as I was earlier. I still think there is a good chance for a small one but when I did my P&F run through, not many of them were in likely reversal areas so I am now expecting them to continue on down. There still can be a bounce but it won't last as long as I was originally planning on, it could be a very quick one indeed. The main reason I am posting is I read earlier tonight on the Gold thread that tonight is the last day of the Japan hearing on the Fund issue we were talking about a few nights ago. Going into this weekend not knowing if they are about to kick a fund out making the derivitives worthless etc is not a great time to be long. Just a thought, I figured someone would post the link here so I didn't bother, sorry and I don't have the time to go digging for it again. LG - Thanks for the kind words. Good Luck, Lee