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

To: Lee Lichterman III who wrote (12624)	5/2/1999 4:08:00 AM
From: Compadre	Respond to of 99985

Lee: <<<Don't make it harder than it is. We have a saying in the Air Force, "KISS" Keep it simple stupid. (not implying you are stupid).>>>> Well, if you intended to call me stupid you got away with it already. <<G>> I think that we are seeing the same thing through a different perspective. As a matter of fact, I concentrate on the NAZ vs the DOW (you were giving me your take on the DOW here). But my opinion of the DOW is very similar to yours. Only I am not expecting a big sell off yet. I do see a weak sell signal in the short term charts. But the volume data suggests a topping. Regards, Jaime

To: Lee Lichterman III who wrote (12624)	5/2/1999 8:16:00 AM
From: jjs_ynot	Respond to of 99985

Lee, The bounces are getting shorter and producing lesser gains. Playing the bounces from here may get tougher and tougher. I personally moved my 401K money out of an Index fund to a Money Market Fund this weekend. This is the first move I have made since late January. I see little reward vs the risk going forward. Dave

To: Lee Lichterman III who wrote (12624)	5/2/1999 9:22:00 AM
From: Giordano Bruno	Read Replies (1) \| Respond to of 99985

J6P >>>doesn't know what cap weighting is, he doesn't know what a GDP, a Bond or anything else is, all he knows is, DOW up = good.<<< What about the word inflation? Could stir some old memories. The GDP chain-weighted price index and the GDP implicit price deflator, rose at a 1.4% annual rate. This was the highest reading for the measures since the second quarter of 1997 and was up from a 0.8% rise in the previous quarter. In addition, the Purchasing Management Association of Chicago reported that its index of area business activity soared to 63.3 in April from 57.0 last month. Monday,10 a.m. EST, the National Association of Purchasing Managers reports its national survey of purchasing managers for April. Has the Feds job been relegated to the Bond market? Regards, Jim

To: Lee Lichterman III who wrote (12624)	5/2/1999 10:58:00 AM
From: HairBall	Respond to of 99985

Lee: As I have stated here numerous times, it started as a joke but the reliability is too high to be accidental. If there is a drop during the week in the DOW or else a selloff begins on a Thursday or Friday early/late session, the J6P affect will kick in before Friday's close to make the market appear as if everything is OK. It did not actually start out as a joke. Someone addressing me, back on the TSO thread, brought it up. That individual, whom I do not remember, referred to Richard Ney's observation of this pattern many years ago. You now refer to it as your J6P Indicator. Richar Ney was the individual that shaped my trading system more than anyone else. His insights and daily examples of Market manipulation won me over back in the mid-eighties. I felt his Market timing was often early. So, I developed a trading system back in the eighties, which is for the most part still in tack today. Regards, LG