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

To: Les H who wrote (23524)	8/20/1999 3:12:00 PM
From: Lee Lichterman III	Respond to of 99985

Well I am not sure of anything right now, everything says this thing should tank before the close but the OEX is holding strong during strong negative TICKs and the bond is still making gains. The TICK has been trending down so long that it almost has to reverse upwards in trend soon unless it just spikes up hard then resumes the downward trend. I have a feeling that they are selling into the rally but are doing so very well and hiding it by matching the selling to the available volume. Note that stocks are not moving much at all despite the index gains thus far. The OEX chart appears to possibly be forming a bullish flag which could spike up hard so I am getting more and more nervous about making a play here. I really wanted to be sitting on a couple good trades by now before the closing games began so I could take a long shot using their money and bet on my being right with a closing down spike but now???? May still try it but I am going to have to be more choosy on my entrance. Anyone know how the dollar is doing today?? Good Luck, Lee