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

To: Michael Watkins who wrote (43035)	3/14/2000 8:54:00 PM
From: Lee Lichterman III	Respond to of 99985

Regarding market, well if coming home to over 120 posts on this thread is any indication, we should be near a bottom. <gggg> I see 1 to 1 1/2 days left before a bounce. Max Pain is higher so we will bounce before the end of the week unless the big boys have totally lost control. I expect a bounce Thursday then a chance to reshort for the next leg possibly as early as next week. GE and the tech leaders looked sick today which is not a good sign. Even though the DOW was also down large, it didn't look as bad on teh individual stocks parked there. SOme rotation to the value may be going on but I couldn't watch so it is hard to call using end of day data. I don't think we are going to have a 2 day drop in the NASDAQ and rally to new highs though this time. I think we are in sell the rally mode now for a serries of lower highs and lower lows. BWDIK Good Luck, Lee