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

To: donald sew who wrote (6559)	2/17/1999 4:54:00 PM
From: Wildstar	Read Replies (1) \| Respond to of 99985

Don, Did you mean "The NAZ is now clearly in a downtrend..."? Thanks.

To: donald sew who wrote (6559)	2/17/1999 9:54:00 PM
From: John Pitera	Read Replies (2) \| Respond to of 99985

Donald, a query on your buy in times. When you say <<As previously mentioned I have a CLASS 1 BUY on the NAZ with the buy-in at tomorrow's lows, >> we do not know when and at what level this will occur tomorrow??RIght It is only after a low has been set and it becomes obvious that it is going to be the low for the day do we know that this was the buy in point?? Or am I missing part of your methodology? John

To: donald sew who wrote (6559)	2/18/1999 2:13:00 AM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 99985

>WHIPSAW TIME, but it should end soon to the downside.< I have to agree. My gut and a few indicators are pointing up but looking through my charts tonight, I don't see much in the way of signs of a strong move and almost all my weekly charts show this may only be the beginning of things to come. Everything I have shows further weakness and larger drops on the horizon except that I have a bullish chart on PG even though the FA isn't there, GE is showing some strength and the financial stocks are trying to buck the trend. The utilities ae showing a bounce here but it could just be a technical bounce or else the big money is moving in to catch the dividends while the rest of the market pulls back and/or goes flat. My forks intersect here soon so I expect early next week to dictate the future if not sooner. I was late getting my charts to Monty so they probably won't be posted until tomorrow AM. I have to go to Boise tomorrow and do a few things but hope to be back before the close. I should be online for the open too but doubt I will trade since the whipsaws are so frequent and fast. I will check the changes in the open OEX contracts later tonight and see how many were closed to see if I can get a feel for Friday's settlement. Good Luck, Lee