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

To: Benkea who wrote (24414)	9/1/1999 4:32:00 PM
From: Monty Lenard	Respond to of 99985

Sheep are about to be sheered! Just had a friend send the same note and I agree. Look at the volume today and I consider the move up poor. But I would make a good contrarian indicator. Monty

To: Benkea who wrote (24414)	9/1/1999 4:37:00 PM
From: Lee Lichterman III	Read Replies (2) \| Respond to of 99985

>>Sheep are about to be sheered! << Gosh I hope your right <ggg> On the kahuna thread though kip just brought up a good point that it has been shown that shorting at the end/beginning of the month is always dangerous as the fund flows etc are stacked against the fundamentals no matter how bad they are. I should have waited for a signal or at least for my buy signal to clear. With today's dip, I wouldn't be surprised for my sysem to kick out a second buy recomendation as it checks for lows and average price. Lets hope my system fails tomorrow. I have a low pain tolerance but I also have faith that long term, I am on the right side with the way the market is trading. Retail and banks were hammered yesterday and without them you can't do much. Also as Chris pointed out, the transports were at a new low. I guess in this new paradigm, we don't need a dollar, bonds, trannys, retail or financial institutions. My only worry is if the job data is good, we could rally hard since J6P may see today's close and phone in new buys on the .coms afraid to miss out. Good Luck, Lee