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

To: HighTech who wrote (3985)1/14/1999 4:36:00 PM
From: Lee Lichterman III  Read Replies (3) | Respond to of 99985
 
Didn't see it but read here somewhere he was projecting a low around Jan 20 then 10,000 DOW shortly there after. He then said correction in April. Sorry I don't have a link. I just dumped my history and temp file folder for the day.

I have supports at 1195 and 1162 SPX, 595 and 585 OEX so far. Not done with the DOW chart yet.

Lee



To: HighTech who wrote (3985)1/15/1999 1:22:00 AM
From: KS  Read Replies (1) | Respond to of 99985
 
HiTech,

I took notes when Jerry Favors was on CNBC...
Support 8900-9000
Low Jan. 20 +/- 2 days
Then rally to 10,000 to 10,500 by February
11,000 by April = Major Top

Also said that statistically, if market higher end of Jan. than it was end of Dec., that will indicate 1999 will be a good year.

Let's hope he's right!

Good luck,
KS


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