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


To: Dwight E. Karlsen who wrote (30539)10/19/1999 1:22:00 AM
From: Lee Lichterman III  Respond to of 99985
 
Well I am in the Air Force and even checking stock prices is now considered a no no and military punishment is a bit worse than the civilian sector <ng>

I place most of my trades at o dark thirty before going to work based on projected prices although today that was not the case since I was off. I have tried market orders a few times before when I wanted something bad and I was raped without so much as a kiss first. I don't think I will ever use a market order unless it is a really important fill.

Besides the one I wanted was not that great a play as the risk to reward was barely worth it. I wanted it at my price or not at all.

Thanks for the responses

stgg - I didn't see where the 10 trillion was coming from the US market. Am I that tired or did you infer that from your reading of the article?

Don - I agere that we should get some sort of bounce once the reports are out of the way. The speed of the rise today showed there is a lack of sellers. There wasn't large volume on the rise so I assume it wasn't a rush to buy but more a lack of available sellers. After all, everyone is in for the long term <g>

S&P futures can be down .52 and still be a buy, they must be down 492 to be in sell program area. SPOOs are behaing over night but the NASDAQ futures are down a bit I guess on DELL's announcement. Asia doesn't look too bad but Korea is flirting close to the 800 area again so if we do sell off tomorrow and they follow us down, it could break a mentally important break zone.

Good Luck,

Lee