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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 674.96

+0.9%

Nov 25 4:00 PM EST

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To: j.o. who wrote (17680)	6/17/1999 10:15:00 AM
From: pater tenebrarum	Read Replies (1) of 99985

j.o., as far as i can see sentiment indicators are mixed and not excessively bullish; a continuation of the upmove would certainly remedy that. also, yesterday's move was too impressive for a fluke. a positive reaction to a benign CPI was to be expected, but i was looking for the market to weaken during the day if the short term bearish case was to be kept alive. we will see how the market handles AG today; so far it seems that his testimony will be ignored by the market, and that's another short term bullish sign. regards, hb

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