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

To: Compadre who wrote (6670)	2/19/1999
From: Lee Lichterman III	Read Replies (1) \| Respond to of 99985

>>Max Pain is at 620 for the OEX. Guess where it closed today? <GG><< Thanks, I was just about to post that, despite my last post, I just figured it to be between 615 and 620. I guess there won't be too many intra day plays tomorrow unless they want to do a lot of head faking. Also on my SPX chart at the MDA chart site, I don't expect my short term forks to hold tomorrow but left them on to see the extent of the violation and also to see if Monday's action whipsaws them back in. Despite my bearishness, I am trying to see if this is all just resting for an upsurge again later. While I still don't think so, I am looking at a few signs that we could trade flatter and have less pullback than first thought. I will have to mull that concept over on the weekend though. Too many charts to crunch in one night. Hope you have had a great start to your new year. Good Luck, Lee