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

To: Compadre who wrote (12422)	4/29/1999 2:34:00 PM
From: Lee Lichterman III	Respond to of 99985

Well either I waited too long and miscalculated or this is what I was expecting. As I said earlier, there is usually a flush out before the TICK reverses cycle. Note on the 24 minute bars youcan see where they spiked it up so the MMs could get their short positions set up. Then they wait a few minutes to let things settle back down and now they are triggering the sell programs and will either position trade those shorts down from here on out if I am wrong, or else will cover the shorts on this down spike then bounce the market back up within the next hour or so. The TICK should then reverse back up for tomorrow with all the weak shares being shaken out already. The pop back up is where I hope to plant my position but I haven't done this in a long time so I am more trying to get the rust off than playing along with the big money. I do planon taking about 2 weeks of leave in August though and will hopefully be riding along with them then <ggg> Good Luck, Lee