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

To: donald sew who wrote (29444)	10/14/1999 3:13:00 AM
From: Lee Lichterman III	Read Replies (4) \| Respond to of 99985

Well I must be nuts but I feel we are about to have a one or two day rally. I have short term over sold signals on the DOW, SPX, OEX and a few of the stronger tech stocks. The advance decline, new high lows etc all look like crud but I keep getting this urge to buy something. Somebody take my check book away from me. <ggg> I also have a short term over bought on the TYX so I am suspecting that we may fill the gap today and allow the market a breather as rates dip back down. Then we could either sell off Monday or else drift as Pat said and start the next leg down a week out on your trade report I am probably just full of it that is what I am seeing. A high volume dip in the AM for a hammer would be perfect. Maybe a fake out double bottom before a hard fall next week????? Good Luck, Lee