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

To: Lee Lichterman III who wrote (3967)	1/14/1999 10:44:00 AM
From: Daflye	Respond to of 99985

yep, Nas selling a little more, OEX breaking 608, looking to hit 600. (Token Disclaimer) But if it reverses here, I didn't write this. heh heh heh D

To: Lee Lichterman III who wrote (3967)	1/14/1999 10:55:00 AM
From: HairBall	Read Replies (1) \| Respond to of 99985

L3: Thanks for the heads up. I am still keeping an eye on my H&S "fairy tell" for the IND/DJI....<g> Regards, LG

To: Lee Lichterman III who wrote (3967)	1/14/1999 5:52:00 PM
From: James F. Hopkins	Read Replies (2) \| Respond to of 99985

May I remind the tread this down swing was predicted on Friday the 8th, first by Donald, Message 7169649 them by me Message 7175414 while we didn't gap down , it was because the indexes were faked out with money vacating the Bigger blue chips while holding the index up with the thinner traded smaller ones, none the less a lot of money has been taken off the table this week. ------------- CNBC has been beating the bull drum all week doing damage control for their sponsors, while we have lost 500 pts, and if any one missed my small cap thingy Message 7253472 ----------- Now that the small caps have had some sun, if this goes below 9000 momentum will pick up as we have lost liquid for most two weeks. If we bounce off 9000 tomorrow, it may not get to bad, if we take out 8700 we could go back and test the Oct low. ------------- I went mostly cash last Friday, and Short MDY Monday, and while I nibbled at a couple of distressed stocks today, I have enough short to be hedged. WE are due to bounce some tomorrow, but that won't mean it's over. The indexes don't show it but we have been selling off since last Friday, I keep telling people the indexes are rigged and can hide it for several days, or even weeks but they don't seem to see it. ----------- An example of this how a smaller one can prop up the DOW, while the bigger caps get money taken out is EK, IF YOU LOOK TODAY quote.yahoo.com with each 1pt move in her = 4.12 to the dow. ---------- Look at some of the drum beating they did on Kodak to help get her up, biz.yahoo.com biz.yahoo.com biz.yahoo.com ----------- All the news wires act more like pimps to these stocks, than they do reporting the real meat. If a company as supposedly reputable as Kodak, can be hyped from 72.5 to 80 in 4 days then ( helping the Dow out most 32 pts while the big ones sold off ) then Kodak is dumped to 70, well if this kind of pump and dump goes on here, what do you think is happening with the internuts. & CNBC is just as guilty as any of them. Jim