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

To: Jerry Olson who wrote (24929)	9/5/1999 1:53:00 PM
From: Lee Lichterman III	Read Replies (2) \| Respond to of 99985

I have to agree with Don as I stated on my sight. I piggy backed off his idea of a sector rotation as my signals are showing a high probability of a removal of cash form the SOX and into the telecom, retail and even possibly some financial stocks. As such I am not bullish on semis but am guardedly bullish on the rest of the market. I disagree with your post on the "other" thread as far as semis but I am full agreement on NOK and a few selected nuts. I think this next two weeks could prove to be an extremely risky time to try to position trade. We have 5 Fed members speaking this week, the PPI on Friday and then next week as expiration is coming around, the CPI report will be released the 15th just two days before expiration. Who the heck wants to be holding a large option position when that report hits the street with only two days to pray for a turn around if it goes against you. <gggg> I will probably miss out on making a lot of money but I am not going to hold any positions when these reports are coming. I still think day trading or getting out before the reports are due will be the safest bet. Good Luck, Lee