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

To: Les H who wrote (24145)	8/30/1999 12:57:00 PM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 99985

Thanks for posting that. What I got out of it was he WAS looking for everything he says there but since we just printed below his 11077 number, all bets are off and he was wrong and now will need time to come up with a new scenario. Geez - I projected a 2 day low of around 690 OEX. If we keep selling off like this, we may make it there today. Also, in strong moves like this, my system does not work as well so I am no longer confident in trying to scalp the bounce. I tried to go short this morning but had the usual inability to get a fill despite the ask being my bid price. This is getting real old, real fast. Now in hind sight I wish I hadn't been so greedy and just taken what ever I could get but .... <g> I am tempted to try and scalp a bounce here soon but so far, there is no sign of the selling letting up. Usually a double huge TICK like this is the temporary bottom but the bond is disintegrating before our eyes. 5.97 this morning to 6.028 last I looked. Premium is staying tilted towards the sell still also. I am watcing to see if we can get a TICK under minus 800 to break the trend line but no respite yet. Good Luck, Lee