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

To: Vitas who wrote (5810)	2/9/1999 1:17:00 AM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 99985

So that's the triple declining summation slammation pattern!!! I saw you and bb mention it on the Kahuna thread but that chart site is always so slow to load I always skipped it. Boy the quotes and various expressions tonight are going to need their own translation thread soon. Between LGs double humping hippos, the triple declining summation slammation patterns and radial tenderized rattlesnake indicators, candlesticks are a breeze. <g> We'll there is a lot more bearishness around tonight than the last few weeks and many of us believe a bounce is in store so what is the signal for the next move? Exhaustion drop putting some fear into people or is trading flat into expiration going to be the extent of the strength and then we really do drop. IMO if we don't start running up soon there won't be much excuse to rally once the impeachment junk is over and DELL reports. China is hiding in the wings and the rest of Asia is sliding under. Middle east instabiltity is almost certain since the other powers in the area will want to test new Jordanian leadership and Iraq is still trying to flex once in a while and has been too quiet the last week. My charts are mostly mid range with short term upside potential but the weekly charts are all starting to point downward, I hope you keep posting those charts as that is something I have to admit I tend to neglect while running through all my other indicators. There just never seems to be enough hours in the day to run through everything. Monty thanks again for the use of the site. Good Luck all, Lee