MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 685.66

+0.2%

Dec 5 4:00 PM EST

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To: pater tenebrarum who wrote (54794)	6/21/2000 12:49:00 AM
From: UnBelievable	Read Replies (2) of 99985

Likely to Be a Mostly-sideways Chart Pattern "Can the Fed continue to pump up the Money Supply with tomorrow's hopes? They can probably keep the presses running for as long as they want... but at the cost of runaway inflation. This is the price that we will all have to pay for the political games being played out by the Fed today." "An interesting note on the Gasoline Price chart, notice how the front prices rose last week while the outer-months (Oct'2000 thru Feb'2001) stayed about the same as June's. This suggests that the supply/demand situation remains significantly imbalanced and actually worsened last week. Concerns about additional Crude Oil supply increases by SPR or OPEC are what kept the outer-month prices subdued. Last week, Gasoline futures prices traded above $1.09 per gallon. Despite the SPR and OPEC influences, the immediate Gasoline inventory is severely limited -- I think Gasoline futures for July delivery will trade above $1.10 before they expire on June 30." geocities.com

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