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

To: Lee Lichterman III who wrote (30417)	10/18/1999 1:00:00 PM
From: HairBall	Read Replies (1) \| Respond to of 99985

Lee: The OEX is near an intraday decision point... My QChart - OEX (S&P 100 Index) Five-Minute Semi-Log Chart Note: The two close in proximity horizontal red lines should be gray, I have not changed them yet. They did support a trading range on Friday of the OEX. The short-term descending resistance line and the horizontal (red) support price action area are converging. Keep an eye on them... homestead.com ------------------------------------------------- My QChart Trend Lines Green lines are resistance trend lines or resistance horizontal price action areas. Red lines are supportive trend lines or supportive horizontal price action areas. Gray lines are either resistance trend lines, resistance price action areas, supportive trend lines or supportive price action areas that have been broken. They can now act as either support or resistance depending on price action. Dark blue lines are formation lines. ------------------------------------------------- Regards, LG

To: Lee Lichterman III who wrote (30417)	10/18/1999 1:03:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 99985

Lee, i agree that the best we can expect is an ST bottom in the next few days...IT and LT bottoms are still far away imo. regards, hb

To: Lee Lichterman III who wrote (30417)	10/18/1999 1:32:00 PM
From: JDinBaltimore	Read Replies (2) \| Respond to of 99985

L3_aka_L3 The CPI numbers out tomorrow will include the tobacco number from the PPI also. I had posted a scenario on Saturday which drew few replies, as I think everyone was preoccupied with a 9100 DOW today. But, do you think AG is that "GREEN"span to make an anouncement on Thursday to rock markets pile on the PPI Friday, and now the CPI comming tomorrow? Without knowing about an ace in the hole. All in all markets not so bad considering Thursday and Friday reports. I believe the initial shock of the report will evoke a fairly hard sell off until the number is disected, If trade numbers come out OK possibly a little rally. Wouldn't that set up a pretty good ST bottom to the FOMC meeting in November? After all, aside from a major international development, earnings may be able to lend support. If equities appear weak, the dollar maintains, and bonds settle back, I can't see a rate increase in November with that Y2K schit looming - that would have to be the final NAIL. Curious about what flaws are viewed in the above scenario. Recieved thoughts on indicator - should have numbers and graphic representation by this weekend. Thanks, Best Regard JDinBaltimore