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

To: HairBall who wrote (8167)	3/14/1999 10:43:00 PM
From: Lee Lichterman III	Respond to of 99985

LOL, Well my vote would be for the trendline one since that is always the key question. I poured over my charts this weekend and I have to say I am more confused than ever. DELL and numerous other street darlings are all about to drop below trendlines that are very significant. I see many of the beaten down stocks signaling buys this week which makes no sense. Futures are up right now and it appears we are going to the moon no matter if the stocks go up or not. I am starting to think people are doing just what Don said and there is so much index buying that stocks don't matter anymore. Maybe no one is buying stocks at all and there is only trading in DIA and SPY now. I am about to just turn my computer off and start digging my bomb shelter. This has to end soon or else a major rally is going to ensue when the beaten down stocks finally bottom and turn back up adding all kinds of fuel to this fire. Call me nuts but I am actually looking at calls on a stock that has done nothing but drop for the last 6 months. Is this the capitulation we have all been waiting for. Heck, even LT is bullish now. <ggg> Good Luck, Going to relax, eat some dinner and forget about this market for a day and hope my urge to straddle this market goes away. Lee