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

To: Lee Lichterman III who wrote (6549)	2/17/1999 3:45:00 PM
From: Lee Lichterman III	Read Replies (2) \| Respond to of 99985

Hammer bottom forming on 12 minute OEX chart around 613 which is my lower tine in the uptrending fork. Paper cover put 7 forgot if I said I was buying the ND or the NC as I was looking at both if it was the ND then it is at 9 3/4. Wish I had done it for real. Market moving so fast haven't had a chance to bump the SPOO and SPX yet to see if anything critical broken other than obvious old 1225 bottom. Lower low. Market internals are horrible with 2-1 negative A/D and A/D volume almost 3-1 EDIT - Paper covered to early I guess as while I was writing this the bounce off the fork just gave way, we are now officially tanking IMO. 611 is the middle tine of the long term fork. This should give us at least a temporary bounce. DOW chart shows it has not quite violated the existing short term fork but it is weak at best. Lee