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


To: donald sew who wrote (31061)10/22/1999 3:53:00 PM
From: Lee Lichterman III  Read Replies (1) | Respond to of 99985
 
Yes I noticed that but it may have to do with the earnings announcements I posted. Mo Mo buyers dont have any big techs left to play so they are ramping up on granny DOW stocks ahed of earnings hoping to get an easy pop.

Darn, market dropping, I was hoping it was forming a flag and we would push up into the close. If I can't get some put buyers selling low, I will have to wait for Monday and try to guess how high it will go 2 hours before the open and pu tit a limit buy order. I will be in a vault until 1 PM eastern and unable to trade.

Remember per conversation my DOW target was 10600, OEX and SPX targets already met and NASDAQ could go a lot higher.

I have to go, guess I am waiting to buy now. Better to look the charts over this weekend anyway.

Good Luck,

Lee



To: donald sew who wrote (31061)10/22/1999 4:06:00 PM
From: Saulamanca  Read Replies (1) | Respond to of 99985
 
Don,

CNBC reported that a rumor was going around the trading desks that CSCO would not meet analysts projections causing the late sell off.

--Jim



To: donald sew who wrote (31061)10/22/1999 4:07:00 PM
From: Les H  Respond to of 99985
 
Superbullish indicator for third day in row

biz.yahoo.com

If the indicator holds for seven days in a row, we will get a market crash. If not, we will have a pullback and go higher. <g>