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


To: Lee Lichterman III who wrote (25643)9/13/1999 5:57:00 PM
From: 10K a day  Respond to of 99985
 
I have seen more cross currents in my life,,,
I think....
I just want my MariaVision,
Screw the rest of this stuff...<g>
impristine.com



To: Lee Lichterman III who wrote (25643)9/13/1999 7:14:00 PM
From: donald sew  Read Replies (5) | Respond to of 99985
 
Lee and ALL,

decisionpoint.com

CAUTION/CAUTION/CAUTION.............

The DOW was flat and the the NEW LOWs increased dramatically and quickly - THAT'S NOT GOOD.

Im not one for calling big moves but this is not a good situation. If the CPI numbers come in good, that may delay/minimize the negativity, but if it comes in bad, the market could head down strong and may head back down to the lower part of the TREND CHANNEL, if not more.

We also have expiration week which could skew the market to the upside/minimize the negativity, but the negativity could catch up next week if not a few days earlier into this week.

Rather than looking at simple numbers, I prefer to watch the rate of change. In 1 day the NEW LOWS increased DRAMATICALLY, not just a little. NOT GOOD!!!!!!

DANGER WILL ROBINSON!!!!!

Seeya



To: Lee Lichterman III who wrote (25643)9/13/1999 8:42:00 PM
From: dennis michael patterson  Read Replies (2) | Respond to of 99985
 
Favors is looking for a new apprentice! He says the last one left after a year and is now trading for a big Ny bank. 3 year minimum hitch! If you're interested, I'll give you the number <ggg> He is looking for a sharp selloff after the next rally then we blast off to the upside. he says this will be the best for gains in 99! I have to admit, I am intrigued.