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

To: Lee Lichterman III who wrote (8755)	3/23/1999 3:00:00 AM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 99985

I am working strange hours so I can't post here or get my charts to Monty on time etc until whenever I can. A quick explanation of the charts I sent tonight/this morning. I drew a possible downfork ont eh DOW and SPX incase they follow the NASDAQ which violated its old fork today. Note that on all of them there is conjestion of the trendlines and forks in the last week of March. I expect major movement then. A person requested via PM I build a custom chart for them. I sent this to Monty also but I don't know if he'll have time to post or not. Whiole building it, I accidently built a NASDAQ divided by the SPX chart instead and it showed some interesting things. This ratio chart showed a previous high on May 31 1983 then declined steadily until 31 Oct 90 then reversed and climbed till May 96 and started to decline again. It reversed again in August of this year and has made the most vertical spike ever in the history of the chart peaking 1 Feb this year. I understand that the NASDAQ outran the SPX etc but the inverse relationship over the cycle of this bull from the first half to the second has to have some hidden meaning as this chart screams pay attention to me. Wild speculation at the beginning and end of the Bull??????? While building the monthly chart on this I also noticed that the stochastic is at a multiyear cycle high right now. This prompted me for grins and giggles to pull up a yearly and it shows us at a yearly over bought level dating back to the early 80s. YEarly charts won't get you to the day, but if not this year, soon baby real soon. Regardless, I noticed tonight that many important stocks broke through significant support lines and long term forks today. MU needs to report good numbers tomorrow or this market has had it short term. I think MU holds the key to the market going up or down as of tomorrow's close. Going all cash myself as I don't want to be caught short when their accountants show how sharp their pencils are. They can make LTCM look like they made a fortune <ng> Good Luck, Lee