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

To: Lee Lichterman III who wrote (26699)	9/22/1999 3:32:00 PM
From: Lee Lichterman III	Respond to of 99985

Well I guess I am wrong because irrational exuberance is still alive and well. Checked delayed quotes then real time to get a feel for the market and QCOM jumped 6 points, and many other of the "darlings" are screaming towards the sky. It will take more than a couple hundred points to wake this crowd up to reality. Of course the bullish argument is that if the dollar is worth less, then it takes more dollars to buy them right? <ggg> EDIT - I have a bullish fork on the OEX still that is violated at 685 which we bounced off of and the middle tine of the bearish fork ios here at 595 which we have tried to penetrate a few times already. A real struggle going on but noticing the TICK, it appears the bulls may win this short term as it is taking a negative TICK of over 400 to hold them back and anytime we approach zero TICK we head up strong. Must be bounce time. Good Luck, Lee