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

To: HairBall who wrote (4902)	1/29/1999 11:13:00 AM
From: John Pitera	Respond to of 99985

LG, RE: your Dec 28th Post<<<<<<<<Raz'tus: Ah gots' not gots mah' database completely back down, but it looks likes de Market be beginnin' some top off. What it is, Mama! Dependin' on de price acshun it could snatch as long as six t' eight weeks t' reveal de process completely. Slap mah fro! Howeva', Ah need t' do follow down analysis, t' confirm! >>>>>>>>>> I remember when you wrote at the end of Dec that the topping process could take 6-8 weeks. Very astute thoughts, I can see that I am able to unleash some of your more astute forecasting skills. <<G>> Best Regards, John

To: HairBall who wrote (4902)	1/29/1999 11:15:00 AM
From: Monty Lenard	Respond to of 99985

Well I now know what the big spreads were on LLY and why I could not get a decent short position. They were saving them for themselves.

To: HairBall who wrote (4902)	1/29/1999 12:27:00 PM
From: TH	Respond to of 99985

Now this changes everything. LOL matt

To: HairBall who wrote (4902)	1/29/1999 5:56:00 PM
From: Challo Jeregy	Read Replies (2) \| Respond to of 99985

LG, The TA'er on the local station (your favorite KWHY) described today what is called the "Titanic effect" and its three components: 1. Lower new highs, higher new lows in NYSE for 5 days in a row 2. NYSE closing down 5 days in a row 3. And, darn it, I forgot the third one!!! However, he pointed out that we just completed component #1. Lower new highs, higher new lows in NYSE for 5 days in a row. Last Fri- 19 NH, 50 NL Monday - don't have #'s but met criteria Tuesday - 38 NH, 56 NL Wed. - 46 NH, 72 NL Thur. - 55 NH, 83 NL Today, shows 99 NH, 97 NL, per Yahoo, but if IBD's #'s reflect a diff in tomorrows paper, it will probably be the difference in the OTC stocks that they don't include in their #'s. If I remember that 3rd component, I'll post <G>. Anyone heard of the "Titanic effect"? Challo