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

To: HairBall who wrote (22177)	8/5/1999 8:44:00 AM
From: Lee Lichterman III	Read Replies (2) \| Respond to of 99985

My charts have been updated at both sites and I also updated the weekly charts since many have broken below the middle tines and others are at possible bounce points. I would like to see some panic soon. I can't believe the dollar, the banking sector, retail etc are diving and still there is no fear in the market. Until there is some sign of worry, we will keep grinding down. I have rarely seen a reversal inthe market until there is panic, over whelming bearishness on the news and a time article like the one I have framed inmy office from September asking "is the boom over?" with a picture of people in party hats falling over the DOW chart cliff. <g> That was a sign the bottom was near. Until I see something of this sort, I think I am bearish and will keep lurking the magazine racks. <ggg> Last nights scans pulled up so many over sold stocks and indexes, I couldn't fit them on my screen to post on my site. I had to just use the top 2/3 of the scan to post and leave the rest off. We need a bounce here soonbut I still don't see any signs we will get it yet. Maybe tomorrow's economic data will be friendlier than expected or doctored to at least appear that way only to be revised later. <ng> Good Luck, Lee

To: HairBall who wrote (22177)	8/5/1999 8:49:00 AM
From: Les H	Read Replies (2) \| Respond to of 99985

Riot Erupts At Philosophy Conference NEW YORK, NY - This year's annual meeting of the American Philosophical Association was marred by violence. Apparently a riot erupted when APA president, Jacques De Sarte, introduced a new spin on an age old question. De Sarte was presenting a paper on 'Unsolvable Inquiries' when he claimed that "Mankind will never know the answer to the question 'If Al Gore were alone in a forest, would there be a noise if he fell over?'" During the question and answer time, some philosophers began debating De Sarte's question. Sides were quickly drawn. Tempers flared as some strongly claimed that a noise would be generated by Gore's fall while others vehemently protested that there would be no noise. As the debate continued, some philosophers began hurling insults. It wasn't too much longer before food, fists and center pieces were flying. Police broke up the brawl just as one philosopher was preparing to set fire to the banquet hall. Later De Sarte told BNN, "It is unfortunate that our members resorted to violence in an effort to solve this puzzle. I, however, stand by my original position that we will never know the answer to the Al Gore question."

To: HairBall who wrote (22177)	8/5/1999 8:59:00 AM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 99985

LG, what you are not seeing is the White House assumption in calculating their surplus. As in every tea leaves reading procedure you can assume what ever you want the paper you write on will not tell you how wrong you are. Projections are only right after the fact. IMHO they assume the stock market, economy and productivity growing at the same pace as in the last 2-3 years which is obviously wrong. In any projection you must attach the percentage of divergence (chances of failure to achieve your goals). For obvious reason they do not publish that <GG> my 2 cents BWDIK Haim