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

To: donald sew who wrote (28443)	10/5/1999 3:26:00 PM
From: Lee Lichterman III	Respond to of 99985

Too ealry to call as there is a bout of strength here. I think they will try to keep it range bound so they can sell into it slowly without alarming the J6Ps. I haven't read the release yet so I am not sure what and how he said what. Someone here posted he said he would raise but not the next meeting. If so, they might actually try to rally it up then dump it hard. Order matching is not as hard as people think and a stock can easily climb while the funds are selling all they have as long as they don't sell too much at a time. Note that in the face of the bond sell off, the trin over 1 and a minus 500 TICK the market is trying to climb again. We haven't even given back yesterday's gains so the market is still defying logic. Apparently higher interest rates are now good for the market. I don't think we will sell off until a big economic report comes out like you mentioned around the 20th. The end of October has always been a good time for crashes anyway <GGG> I will know more when I see the charts tonight if I have time. I have to go in extra early tonight so I will be going to bed any minute. Good Luck, Lee