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

To: Challo Jeregy who wrote (26554)	9/21/1999 6:02:00 PM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 99985

>>You're missing all of the fun! << Oh thanks, rub it in. I sit here for 3 weeks waiting for this and you guys tank it while I am at work. I had a bunch of oprders for puts I wanted but it gapped down to where I was planning on coveringthe first half so I am now an observer at least until my data downloads and I can see what this is really doing. I am blind right now other than a peak but I do have some comments from reading the posts up to yours. Regarding that stocks aren't getting hurt that bad but the indexes are tanking. It is the breadth of the sell off causing this. It isn't that a handfull of stocks are getting hit a lot, it is that all the stocks are getting hit a little at a time. I don't see how the bullish side is thinking this is a good sign. Would you rather I rob you on the street and take all the money from your wallet or that I take 1/8 you bank account, 1/8 your trading account, 1/8 your IRA an 1/8 of your wife's purse and charge an 1/8 of your credit card limit and 1/8 of your wallet. <ggg> I do agree that I didn't see much panic today as witnessed by the grind down and floor put in by some issues as well as the bounce ina few others near the close. Of course, J6P has no idea that this is happening. A 200 point down day in the DOW is nothing to get alarmed at. Of course again, the breadth of the selling that might hit his mutual fund report this quarter might motivate him to pull a little more out next month especially since he has all that credit card debt we saw in the credit report release a couple weeks ago. Bullish argument, SUNW and EMC barely gave back half their gains of the last manic push up. I do expect this to change though. <g> Will know more later after I can see my charts and where we went in relation to my lines and cycles. Don - Great call once again, I guess I need to bump my cycle speed up a litter quicker, I am still lagging a little, must be the bum leg <ggg> PS - I will be working some bizarre hours the next few weeks starting at O-dark thirty this morning. My ability to follow the market will be all but non existant at times so I will do my best to keep my page going and put a comment or two here but I can't promise much. SOmeone call me at work when it is time to short the BK or else buy the dip <GGG> Good Luck, Lee