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

To: Casaubon who wrote (7176)	2/27/1999 11:32:00 PM
From: HairBall	Read Replies (1) \| Respond to of 99985

Casaubon: Well, those are good questions. I will think about them before I answer...the Market as measured by the DJI has been going sideways this year, so far. Regards, LG

To: Casaubon who wrote (7176)	2/28/1999 12:27:00 AM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 99985

>>As far as I can tell the retracements we have seen in the markets, of recent, have not been accompanied by large volume. << Have you checked DELL, AMAT etc? I just looked at a stock for a friend that wanted to "buy the Dip". I don't remember what the symbol was now but it had a drop of 10% on 401% above normal volume. I may have been wrong but I told him he was nuts to even consider dipping on it right now!!! Many I have been looking at and runnig scans on are still in high volume mode. Now don't get me wrong, as I wrote in past posts I wasn't even considering longs a week or two ago and got into some mildly heated discussions with a few people for risking missing the "rally". My system is now starting to near dipping on a few tidbits soon. Not sure when or how heavy I will go yet as I have to weigh many things and my system should give me a few days additional warning before it decides to awitch to the long side but it is already showing a few issues on the brink of over sold. It will continue to be a timers and stock pickers market for the rest of the year. BWTHDIK, Lee