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


To: donald sew who wrote (6749)2/20/1999 1:36:00 PM
From: Lee Lichterman III  Read Replies (2) | Respond to of 99985
 
My daily charts confirm what you state but in my dazed and confused mind set, I just updated the weekly index charts on my site and they are looking more bearish than the daily charts are. The DOW has no room for a rally while the NASDAQ could although the last one over shot the long term fork. The SPX and OEX do give a slight upward area for a mini rally but it is limited to around 1270 SPX and 630 OEX. I wasn't sure how much of a view to put there and since I notice you all tend to look more long term than my close up views I put on Monty's site, so I panned back a liitle. The weekly bearish tweezer top I typed in with question marks was confirmed and we now have one on the monthly chart also for the NASDAQ.

I am going to make up some monthly charts for the DOW and SPX and post them there also if I get time since I have the NASDAQ monthly by itself and am going to try and slip in a few more sector indexes but I am running out of server space so I will have to see how much I can fit in and stay under my limit.

I still need to run a few more things so will post more later. Just thought I might remind everyone to look at the weekly charts as they seem to be pointing more clearly to a future direction than the whip saw action on the daily ones.

Good Luck

Lee



To: donald sew who wrote (6749)2/20/1999 2:59:00 PM
From: Jon K.  Read Replies (2) | Respond to of 99985
 
HELP: I'd like to compare historical INTEREST RATE, P/E, DOW, and GOLD PRICE for past 80 years or so.

Does anyone know if this comparison has been already done?
If not where can I dig these numbers? I'd like to make a chart for above 4 factors for past 80 years.

TIA,

jon

PS: Don, at first I couldn't make much sense out of your postings, but now I really enjoy and appreciate your postings.

I was the one who doubted no one could forecast the market better than 50/50 (thus made LG very angry <gg>), but after 3 months of following your postings, I am convinced I was wrong and you are MOST of the time RIGHT. This is an eye opening experience for me. Thank you Don for your hard work and sharing the valuable information with us!