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

To: Monty Lenard who wrote (7043)	2/25/1999 10:54:00 PM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 99985

OT >>PS I am missing all the fun it appears. <g> << Just go find a guy with a large truck, pay him a few hundred to ram you repeatedly while you sit in your car and you can experience the same kind of whip lash we are getting. That way you won't feel left out. These whip saws have my sytem all messed up to where I don't know when to trust them any more. My system is calling for longs on what appear to be shorts and vice versa. It is taking twice as long to screen picks due to the conflicting signals. I missed the OEX bounce this afternoon since I didn't trust my signal which turned out to be within 2 points of the bottom and then missed the quick short scalp when it bounced off 1241 SPX and 621 OEX even though I saw it on the chart as I wanted my system to confirm it before I played it. I ended up sitting on my hands just watching. I didn't get any hard buy signals yet so we aren't oversold according to my stuff and I did get a few short signals believe it or not. I updated my weekly charts and this sell off was almost necessary to keep from violating the upper forks of the long term fork. While the daily charts show a lot of head room for a rally, the weekly charts say that rally was it for a while and we need a breather. I will have to recheck my lines this weekend as it doesn't sound right but that is what I saw. They are posted at my page. Lee