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

To: Monty Lenard who wrote (6159)	2/11/1999 10:03:00 PM
From: Magnatizer	Respond to of 99985

Market magnets Message 7787606 ht david

To: Monty Lenard who wrote (6159)	2/11/1999 10:07:00 PM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 99985

Thanks, hope my problems are not contagious! Wow, I know today was confusing but I log off to eat dinner and run through my charts and only 6 posts since I left. Everyone must be busy getting migrains trying to figure out today's action. I hate to turn bullish on one day's action and really haven't yet but ... When going through the charts tonight ( I always refine my lines after I update my site then swap out charts as they improve) I found ONLY A FEW of them that I was bearish on but when the old downforks were invalidated today, made new upturned forks that made previous action suddenly make sense. What un-nerves me are some of these are market bellwhethers such as INTC, GE and PG. Now I am really confused as I see the general market looking bearish yet some of the market's arguably main indicating stocks showing signs of strength and future upward action. Next week should prove to be interesting in gauging the strength of this IMO temporary upswing. I still feel we are going down again more in a few weeks but there are more conflicting signals than I originally thought. I still saw tonight more bearish charts than bullish ones though despite the one day bounce. Good Luck, Lee