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

To: Haim R. Branisteanu who wrote (34973)	12/9/1999 11:33:00 PM
From: Lee Lichterman III	Read Replies (2) \| Respond to of 99985

Interesting times we are in. VA LInux goes from 30 to 300 and closes at 250, the SEC investigates TYC for UNDER counting earnings ( Lies to the upside only is allowed) and daily new highs on the NASDAQ while new lows continue to climb. I ran through my charts tonight and most of my stuff is sitting on supports or resistance for tomorrow's PPI release. This should be interesting. Normally I would say the numbers will be cooked to ensure there will be no Y2K meltdown but with the Fed pumping so much money in last night, I am curious if they know something. Bearish side, a lot of stocks fell today forming bearish engulfing candles and other bearish formations such as most of the old favorites I watch forming lower highs and lower lows over the last couple weeks. On the Bullish side though, GE was up and I give GE a lot of weight for forecasting mood of the market. Were GE and WMT a blowoff sign or will this be another short term pause before another stage in the rocket fires. Been really busy lately so that is why I haven't posted here much anymore. Hopefully you have all been reading the comments on my site as I try to post there at least once a day. I just hope no one tried my call on TYC a couple day ago. OUCH!!!! Good Luck, Lee