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

To: donald sew who wrote (26441)	9/20/1999 11:35:00 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 99985

Donald, it may take one more day of flat to up. Equivolume on many stocks point down but today was not a reliable day, due to low volume. BWDIK Haim

To: donald sew who wrote (26441)	9/21/1999 12:47:00 AM
From: Lee Lichterman III	Respond to of 99985

No signals on mine yet but I am at a weighted 77.4 (requires 90) short term so I should be getting a signal fairly soon. We again are at the resistance line formed from connecting the 2 tops in April with the Sept 10 top on the NDX. This line should also touch the 15 Sept top ignoring the violation of the next two days which formed the confirming tweezer top. Life should get interesting as we play off this line. A lot of what is close to hanging man formations today. Note that is won't take much to trigger sell programs tomorrow due to the dip after the close in futures. I show it will take positive 369 on GLOBEX for a buy signal yet only a negative .59 to trigger a sell. OJ - >>i have this very bullish feeling creeping into my bones...<< When aren't you Rah Rah bullish???? and BTW, I am 36, maybe young to you but old in my bones <g> Longer term, I see the possibility of a rally if AG doesn't raise but I believe it will be the last hurrah. We have passed through the best of times already. We had cheap commodities, oil, technology boom, accounting games etc. The SEC is on to the accounting tricks and starting to crack down. Earnings growth slipped a long time ago and the games were all that made it look good still. A new PC used to be 4-6K now they are 1500 and you can build your own for 800 that is state of the art. The bulls went ape over AAPL lately as their chart went parabolic but even they had to admit the truth tonight, pipe dreams are fun while they last but you have to wake up sometime. Y2K may be a non event but there are enough people worried about it to where it will likely become self fullfilling prophecy. Commodities are rising, Oil has doubled. Blinders are great but look around and the escape of foreign capital that was talked about here months ago is now being picked up by the talking heads who are putting real numbers on it. The money is leaving and even you have stated in the past that though it was a mania, the liquidity was going to keep it going. Well the liquidity is leaving so now what is the excuse? I have no doubt you will think of something. I switch hit playing the bullish and the bearish side but yes when things are too high and the news is not good, I tend to stay in the bear camp longer than the bull ring. Where would the DOW have closed today had it not been for GE and IBM? It would have been ugly. Why was every other index except the NASDAQ down? What a bullish market <g> Hey, the numbers might be good tomorrow and Japan may actually do something for once tonight but bandaids don't help much here. You remind me at times of the Black Knight in the Holy Grail, you won't let the bullish fight die despite missing limbs. <ggg> You may be right but betting real cash here is just too dangerous for most IMO. Let the news come out first, risk missing a little but insure you are on the right side. If you really have to be in, straddle it. How much time premium is eroding on everyone's options while we sit here going nowhere????? Good Luck, Lee