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


To: donald sew who wrote (26855)9/23/1999 4:02:00 PM
From: Lee Lichterman III  Respond to of 99985
 
Yes, I remeber the conversation about the three crows. <ggg> Hey everyone just use me as the contrarian indicator. I gave up on being a bear 5 minutes before the sell off started last week, then I was actually considering going long this morning although I thought better of it after a few hours at work.

My only fear now is if this sell off is THE sell off. My forks didn't work well in panic style sell offs and my system generates false signals a lot. May have to fly blind trying to figure out where the real bottom is later. I assume we will get a gap down tomorrow. Anyone else notice the bounce today closed the gap on the NASDAQ from a couple days ago?

Now the next question for tonight is can Summers call up the PPT and flood the market with cash via repos like Reubin used to. Inquiring minds want to know.

Good Luck,

Lee



To: donald sew who wrote (26855)9/23/1999 5:00:00 PM
From: Daveyk  Respond to of 99985
 
I sold everything when we went through 10409.It's been a good year.I'm very curious where this might stop as I know alot of people who have been out for months and have not been tempted to get back in.Looks to me as if short term trades are the only thing worth the risk till we capitulate.This thread seems to have some awful good people at picking those points.Thanks Don,LG,Lee etc.
Best,Dave