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

To: Lee Lichterman III who wrote (36762)	1/5/2000 10:47:00 PM
From: Lee Lichterman III	Respond to of 99985

Charts don't look as good as I expected them to. Especially take a look at the P&F charts which are littered with double and triple bottom breaks on the indexes to boot. I was open minded to the bullish argument but after running the charts and talking to a trader we all know, this selling may not be done yet. My short term cycles are low and I have short term over sold signals on the SPX and OEX but I would think we could get a second wave of selling as soon as it has a chance to. For the lurkers, my site home.att.net Good luck, Lee