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

To: Teresa Lo who wrote (9460)	3/30/1999 1:06:00 AM
From: Lee Lichterman III	Read Replies (2) \| Respond to of 99985

I tend to agree. I was a little leary of this move even though I thought it was a 60/40 chance the other way this weekend. However I just visited the MDA chart site and Monty's charts and LGs charts look bullish to me. LGs indicators are making higher lows and turning up and Monty's stuff looks the same on his summation charts. My mid term stuff is in the middle and my short term stuff is approaching over bought but my trading signals work off of my mid term indicators so I doubt I will get too many triggers to go short right away. Tough to play along on this rally though unless you want to over pay in the hope that someone else will over pay more. <ggg> I think I will just wait for the go ahead to go short. PS - Anyone use Reuters Market Clip and know how it works in steel buildings (i.e. old aircraft hangars <ggg>) I need some way to track the market during the day and they have a good deal going on right now. I ordered some literature but they didn't seem too feel that it would work in my building. My ISP isn't unlimited access so I was hoping to use the wireless modem. Good Luck, Lee

To: Teresa Lo who wrote (9460)	5/12/1999 3:51:00 AM
From: Teresa Lo	Read Replies (1) \| Respond to of 99985

Dow Industrials: Reverse Head and Shoulders Update Late last fall, we noted that a large reverse head and shoulders pattern had formed at the lows and that a neckline had been made at approximately 9,370. Where do we stand now? Head and shoulders is a technical pattern most investors are familiar with. The traditional formula to project this pattern is to measure the top of the head to the neckline and then add this number to the neckline area where price breaks out. Given this, we have a neckline at approximately 9,370 with the tops of, in this case, two heads, at approximately 7,400. Add the difference of 1,970 to the neckline at 9,370 and we have a measured move to 11,340. We are very near that figure now and we should monitor the market for any signs of distribution that could lead to an intermediate term top. In the meantime, the trend is up.