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

To: donald sew who wrote (31051)	10/22/1999 2:51:00 PM
From: Jerry Olson	Read Replies (1) \| Respond to of 99985

Don i have the same basic senario too...i think we will not break the lastest lows on the DOW or SPX..unless we get blindsided here.. the EMPL# is gonna be bad...prices paid will explode..i'm looking for a big down day then...but it would set up anice rally into the FOMC... i think no matter what he does, it will be bullish...if he raises it will be the last raise for a long time, and if he don't raise then all hell will break loose... hang tight guy..love your mind....:>}

To: donald sew who wrote (31051)	10/22/1999 3:08:00 PM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 99985

Just came home for chow and am sneaking a peak here. OEX and SPX approaching my middle tines and reading that the VIX is signaling a turn down soon. Also read you have class 1 sells. My data isn't loaded till tonight so I don't know what my system is saying yet and don't have time to plug them in by hand yet but I am feeling the big urge to go short but not sure what news could tank the market over the weekend and statisticly Monday's are biased up. Also I read on another string that OJ still has some puts so I hate to bet down right now <g - just kidding Jerry> I do feel something could push us down but it is guts making me want to pull the trigger more than my charts. THE OEX and SPX are lining up nicely for a reversal but I show the DOW and NASDAQ could go up quite a bit more. I will be very busy Monday so I won't be able to sell and I won't be able to buy until late in the day. I wonder if the MSFT announcement will come tonight or some other Friday? I know your signals are for a buy in on Monday generally but my level in the OEX is right here but no confirming signal yet. Soon as I send this, I will plug a few numbers in and see what it spits out. Dollar looks strong so my post a few days ago about it possibly testing the 97.4 support of the previous day must have been why it was dipping then. I did have a few short term sell signals last night as I posted but also had the bullish things I posted too so rotation could move us up a bit more still. I also still show the TYX pushing it's luck here so a reversal in the Bonds is due in the next week. As I have said before, will it be on better economics or a flight to safety. What worries me is all the bad news and we are still hanging on. S, IBM, G all hit hard yet DOW climbs on. Bond near long term lows and selling off into the close and still we climb. Pure euphoric knuckleheadism is driving this market but there are plenty of them left to buy the dip. Not sure what I will do but I know I am not going long and will short either today, or early next week. Bond traders are smart which is more than I can say for the ones buying long right here. One last thing, as for Cramer, he was proclaiming gloom and doom when he states in that article he was buying. I guess he has one mouth on each side of his head. OT Challo - SI was down last night so I had time to make some changes. I run my screens at 1600 X 1200 resolution. I saw my own page on a machine running lower resolution and only then realized how over sized everything was and how it was too long. I am slowly trying to get my pages down to "normal size" so the average person can see things better. It looked great on my computer before but was hard to see on a smaller screen. I hope to get my charts a bit smaller also in the future but I will have to change the code in hundreds of seperate HTM documents so it will be a slow project and very time consuming. Good Luck, Lee