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

To: Lee Lichterman III who wrote (24605)	9/2/1999 4:32:00 PM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 99985

Well this will be a TA hindsight person's dream. If we tank tomorrow, you can say, "why didn't I play that H&S formation that the market finished out and then stalled today just prior to violation. After all this rally at the end of the day was just to close the opening gap..." A rally tomorrow will be stated, " we tested supports and double bottomed on the intra day chart and were way over sold." Wonder which we will be mumbling about tomorrow night???? I just wanted to thank everyone for their help this week. I hope I served as a good example of what not to do on a trade even though divine intervention saved my rear end this morning. I will be sending that Kelly guy some flowers and candy. <ggg> I think if the news tomorrow is anything but totally horrible, we go up but I am NOT going to put my money where my mouth is until the report is out and I get some sort of confirmation. My forks still point to 725 OEX so a rally is highly possible and at least a bounce from over sold is due. The DOW bounced of my 10800 support line today although the DOW is getting harder and harder to chart with this stupid theoretical data. I need to call them and see if they have actual or will be getting it. OEX and SPX supports are 681 and 1300 respectively. Good Luck, Lee