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


To: dennis michael patterson who wrote (40613)2/18/2000 11:52:00 AM
From: David Weis  Read Replies (1) | Respond to of 99985
 
dmp --- THEY did that just for you!!!! *grin*



To: dennis michael patterson who wrote (40613)2/18/2000 6:43:00 PM
From: Lee Lichterman III  Read Replies (1) | Respond to of 99985
 
don't you read my posts??? I was waving my hands last night for the first time in ages. <ggg>

This is only the beginning. We may have a little bounce here and there but the trend is down. I was targeting the 1350 area on SPX all along so now it really gets interesting. I still show the DOW needs to go down farther but my SPX target was hit and the NASDAQ has to pull back a whole heck of a lot more. I will be a chart scannning fool this weekend trying to figure out how the sector rotation will go this time since all the indexes are out of sync with my targets.

Don't know when I will find the time though. I got teh wife her 19" monitor last night and picked up a nice new 7200 RPM 30 Gig hard drive. Now if she fill s that up, she is on her own. <g> I have to string the cables for the network this weekend and see if I can get all the computers on the LAN without blowing something up and killing my market data.

I would not be buying too agressively on these dips this time. Take a look at the banks. Even the darlilng AXP is getting whacked and breaking trendlines now.

Good Luck,

Lee