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

To: Lee Lichterman III who wrote (10534)	4/11/1999 5:37:00 AM
From: Gersh Avery	Read Replies (2) \| Respond to of 99985

See!! That's why the good ol' head and shoulders is now a basing pattern! (What twisted times we live in) Let's see .. the largest hangout for daytraders on the planet is ______ . And on _______ the majority of people are expecting to throw money at the market on Monday cause there's gonna be a little dip ... Perhaps the dip will last for a few days. Don't know about you but I'm glad to be 100% cash right now. That way I can buy the dip .. after all, the market only goes up <g>. I saw you tryin' to push my button before .. yep .. a drop in the dollar. That means the foreign investor pulls their money out of the US market. Course it's not an on/off switch .. it's a percentage thing. As long as it doesn't snowball. Let's see .. dropping dollar = inflation (which we all know is forever dead<g>) A play?? Oil would make sense except that it's had such a nice pop lately .. thinking some sort of commodity. Foods? First thought is to gold, but .. Copper related? The thing to do would be to take a look at what works for inflation hedges. You'd want things with foreign exposure. By foreign exposure I mean like RAM chips .. the chips that would be imported would be more expensive. Therefor local makers (MU) would be able to have more profit (for the time being anyway). Not recommending MU at all .. that's just the basic idea. OT Told the wife that if she is at work and sees bright flashes of light she is to leave work at once and come home .. I figure that I'm about three hours downwind from Chicago. Three hours of driving time can get me a long distance. Hate spending all that money on canned food. Drive friendly <g> Gersh

To: Lee Lichterman III who wrote (10534)	4/11/1999 7:39:00 PM
From: Lee Lichterman III	Read Replies (4) \| Respond to of 99985

Gersh tells me I am pushing his buttons then uses the word "Buy" and "MU" inthe same sentence and isn't talking about puts. Arggh I had to run to the bathroom and was sick for over an hour <ggg> Well a weekend full of nothing but bullish posts on SI and Buy the dip talk. Well guys, if nothing changes tonight, you are all going to have one heck of a dip to buy !!!!! S&P futures are down over 20 and NASDAQ futures are down 48. No news to explain it so maybe all that foreign money just woke up from that dream about how earnings don't matter, everything is rosey, Rising Oil is not inflationary and Rubin running the money printing press all day doesn't dilute the dollar. Don't worry, I am sure Greenspan and company will inject record liquidity as fuel for the next rally tonight while we are in bed dreaming of being the Matador with crowds cheering as we drive the sword home. Unfortunately, I am too sure they will. The street doesn't ever notice that the Fed sends in a few billion in overnight recerves everytime GLOBEX is down big. Actually, I agree with SO. Since my weekly charts don't show the drop coming and very few sell signals, I think this might just be a blip. I am not happy about it though since I think this bubble is getting more hollow as it grows. No one wants a Big Kahuna crash that destroys people, but with every puff of air into this ballon instead of a slow leak, that is going to be the end result. Too those that think I and a few others on here are too bearish, have you ever REALLY sat down with a historical model of stock valuation and figured out what the stocks that are inflating the indexes are really worth? The last time I ran the numbers, they were only overvalued about 900%. IBM was still too high October 8th, imagine now? SUNW? As Don said, Ying vs Yang If this is the Ying, lets hope we never see the whip saw this far into Yang. $5.00 could buy the entire NYSE Lee