MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 660.19

-0.8%

Nov 18 4:00 PM EST

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To: bearshark who wrote (17423)	6/15/1999 2:19:00 PM
From: pater tenebrarum	Read Replies (1) of 99985

Bearshark, i also think the strength may dissipate a bit later on in view of CPI tomorrow. currently there seems to be a growing consensus that the CPI won't be all that bad; i have no opinion on this,trying to forecast such numbers is by and large useless imo. i think though that the Fed will raise the fed. funds rate regardless of tomorrow's CPI, simply to cool off demand a bit and catch up with market rates. we'll see how the market reacts to the numbers if the are positive (the reaction to a negative number is pre-ordained imo); if a positive number elicits a negative reaction, a bottom is not yet in. regards, hb

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