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

To: Lee Lichterman III who wrote (37006)	1/8/2000 1:23:00 AM
From: dennis michael patterson	Respond to of 99985

Ah Lee, I was just having a little fun!! Am I not entitled?? <gggg> I let the bears gore me-- all in good fun. Heinz left me alone (thanks!) He felt my pain. I believe that the market will go up if we don't get any more blowups. The action in Csco and Nortel told you that the LU blowup would not yield collateral damage. One tell. Second, the bids on the MO stocks held pretty well throughout the day. I had lunch around 2 and I could see on the TV in the restaurant that when the Naz went over 75 it never looked back. I thinks shorts covered and new money came in. If we have another up day Monday we'll be back at the old highs in short order. I still think the best tools track the mass psychology not the quantitative dimensions. Csco just goes higher-- the chart often reflects the characterisitics that worry you and, yet, the stock continues to power higher. "Buy the dip". Works for me