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

To: HairBall who wrote (28998)	10/10/1999 1:03:00 PM
From: Lee Lichterman III	Respond to of 99985

LG thanks and double thanks for a shot at the grub will edit after I get the grub 29000 Well I am still confused since a lot of my stuff is turning bullish but I am worried about the wedges you pointed out and the resistance levels we are approaching as noted on my charts. My automated scans are about 50/50 with over bought and over sold so we have relieved much of the pressure of being over sold and are now in the area where the moves should be based on fundamentals again. Will the market focus on interest rate fears, declining tech earnings for the 4th quarter etc or will they focus on this quarter's earnings as they distribute to j6Ps? I will need more time to study my charts but as I said, there are some bullish signs but the market will continue to be a fast rotation and only in a few select issues I fear. Good Luck, Lee