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

To: JDinBaltimore who wrote (30424)	10/18/1999 1:40:00 PM
From: Lee Lichterman III	Read Replies (3) \| Respond to of 99985

Well the first flaw I see is that the trade number will be OK. Don has pointed out the whys as to how it should be and it doesn't sound good. Second problem I see is that the Fed won't raise ahead of Y2K. I feel the opposite for the same reason you see your side. I think the Fed wants rates as high as possible so "IF" they are wrong and Y2K is disruptive, they can cut rates starting from a higher level for damage control. The drop so far sounds big point wise but percentage wise, we have barely scratched the surface. Heck the weekly NASDAQ chart doesn't look like we even dipped. A good post I found on the bullish side and about market manipulation. siliconinvestor.com Good Luck, Lee

To: JDinBaltimore who wrote (30424)	10/18/1999 4:23:00 PM
From: Lee Lichterman III	Read Replies (2) \| Respond to of 99985

Ooops, forgot to add in my response to you that I did agree that if the CPI numbers were not real bad we could rally although posting this now may look like a hindsight thing. <g> Tomorrow will tell. I wanted to dip a bit here but waited too long trying to save an 1/8. Duh!!! Now I am hoping for a fake out and dump. (Double grin) Will knwo more when my charts come in but like I said, we were close to a lot of my support areas so a bounce here was likely, the million dollar question now is how much and for how long? I only had short term over sold signals as of Friday so the bounce could be intra day ( as in this was it and it is over) to a couple days only. If we dropped low enough today to trigger stronger signals on my charts tonight, then the rally will likely last a bit longer. I won't know until I get my data and run them all through. Good Luck, Lee