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

To: neverenough who wrote (5482)	2/5/1999 2:47:00 AM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 99985

Just be careful and watch for the J6P bounce if you do go short. It originally started as only a joke but it has worked too many times now to be a fluke. I would not be surprised if we closed around 1255-1260 so that it would not look so bad for the week. This would not violate the downward fork yet would make the week look like "profit taking". The DOW has been pretty flat for the week and doesn't have the losses the other averages do so it can pretty much move how it wants although there appears to be a small rising wedge that points to around 9000 but I am not that bearish yet, .... yet. The XAU (gold/silver) looks to top around the 15 against my resistance line so with my convergence of lines the 22nd, the XAU projecting a XAU top the 15th and Don seeing some turns around the 18th I think he said, 2 weeks from now appears to be the next interesting time frame for decision making. I believe that DELL reports the 16th. Hmmmmmmmmm Lee