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

To: marcher who wrote (8132)	3/13/1999 4:48:00 PM
From: Magnatizer	Respond to of 99985

Thread market magnets Message 8303704 ht david

To: marcher who wrote (8132)	3/13/1999 5:00:00 PM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 99985

It is also over a ersistance line that held all the way back to December 97 but unfortunatelly I won't short it until it breaks what appears to be a bull flag right now. Just another over priced stock that is too dangerous to bet against. As I am running through my charts so far, I am seeing long term forks being violated over and over again, as much as I try to come up with possible alternate bullish scenarios, I just can't stomach them. I am starting to agree more and more with the guest analyst that was on NBR last night. We are over bought, we should correct at any time but we could go up even more. The unknown is WHEN we will correct down hard, it is already a given that we will at some point in the next year or two. He went on to say that no one wants to miss out on the last surge of gains but that those with money left efter the fall will have one of the greatest buy in opportunities of the last 70 years. Imagine all the times you said, if I only would have bought MSFT at 10 cents, or DELL, or ...... Just think we may be able to when no one else has money to buy and all they can do is all sell at once. Anyone reading the DELL thread when it first dropped a few weeks back had a hint at what it will be like. People say that things like this can't happen. Those guys went from being Dellionaires but just increased their margin the more they made to having to dump all their holdings to make good on margin calls. Imagine margin calls on entire portfolios and the prices dropping faster than they can liquidate due to other s in the same boat. People forget that the market is supply and demand. It only takes 51% sellers to 49% buyers to drop prices and when the ratio goes to 99% sellers, it tends to get a little ugly. Especially when the sellers have no choice to wait for a better price due to their broker involuntarily dumping their positions. Good Luck, Lee