MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.91

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4:00 PM EST

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To: HairBall who wrote (17685)	6/17/1999 11:27:00 AM
From: Stephen	Read Replies (2) of 99985

CPQ warns of loss, INTEL earnings cut, Greenspan talks about asset 'bubbles' ... and the equity market, tech & nuts are strong !!!!. The move is obviously supported by the TYX.X as Greenspan has talked about 'modest' action ... which has been equated as no .50 point increase.... but even so ... its very impressive. To boot, the trin has gone from being a warning sign to a positive reading ... I closed some longs when I heard Greenspan, but have re-opened them ... the market wants to go higher ... at least for now !! Stephen

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