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

To: Lee Lichterman III who wrote (24228)	8/31/1999 10:39:00 AM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 99985

Well, I had a little time last night so I updated my site on the daily charts anyway. Looks like we are bouncing off the middle tine of the bearish forks this morning. To trust the bounce or not is the question. I really wanted a few more downside points but oh well. I did get a few short term by signals last night that I didn't expect to get. I was tracking the OEX and wasn't even watching the DOW. The DOW was one of the ones that triggered while the SPX and OEX needed one more day down. Les, I loved that joke. I was going to ask later exptecting today to be down but I was curious as to what the concensus was regarding this coming weekend. Would they bounce it so J6P didn't realize how bad things were over the 3-day weekend and have time to figure out when and how to sell their accounts, OR tank it fast before the Tuesday rush? I was thinking bounce since world events are not the driver for this so there isn't much to worry about in the way of world news breaking over the weekend. Thoughts???? Good Luck All, Lee