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

To: Tenpole who wrote (12294)	4/28/1999 5:31:00 PM
From: HairBall	Read Replies (2) \| Respond to of 99985

Tenpole: I just checked your profile. Well, you/ve been a member since Feb 97 and the only post you have listed is the one you just made to MDA, what motivated you to speak...<g> Welcome aboard...and how is the UK! By the way, candles is not my area, I look to Lee, donald and others for guidance....<g> Regards, LG

To: Tenpole who wrote (12294)	4/28/1999 7:34:00 PM
From: Lee Lichterman III	Read Replies (2) \| Respond to of 99985

IMO, today's DOW would be closer to a gravestone Doji, regardless it is still a bearish sign. First of all, I updated all the charts at the MDA Site including the weeklies again. Note how the DRG index is breaking a fork that goes back two years. What also concerns me is how all the indicators across almost every sector index is topped out. Seems like all the stars are lining up and theyare doing so near a peak. Bull rallies don't begin at peaks. <ng> On just about every index that is holding up, I am starting to get sell signals on. While my signals are often early, even on my weekly charts are usually within a couple weeks. I hate to say it, but although in my gut I am bullish for some unknown reason, all my charts are saying to start stocking food supplies inthe fallout shelter. <g> One interesting thing I heard today, that Goldman Sachs may prop up the market all they can until after their IPO is down next week. How much money do they have?????? Good Luck, Lee