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

To: donald sew who wrote (24262)	8/31/1999 1:39:00 PM
From: TWICK	Respond to of 99985

So, are we going to have a September rally to new, record highs, or is this the start of the "great fake-out" (lower highs, with fake rallies) ? Is J6P holding on to hopes and dreams that will not materialize, even with the expectations of stellar Q3 earnings. Twick

To: donald sew who wrote (24262)	8/31/1999 1:42:00 PM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 99985

I Agree. Divergence going on right now as bond is heading back down and the indexes are trying to put in a bounce back up. TICK is up more than most of the morning but it isn't helping despite the TRIN also dropping. Looks like one will have to give and the bond guys usually have the upper hand. Might have one more drop then a bounce after the bond pits close. I know it is catching a falling knife but I am really tempted to go long on this next drop if the retest is successful. <ng> PS - Got another no fill this morning on puts, these guys are killing me. I may have to go market on my next attempt. (quiver, goes pale) Good Luck, Lee