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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 659.00+1.0%Nov 21 4:00 PM EST
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To: wmwmw who wrote (19883)7/11/1999 7:29:00 PM
From: wmwmw  Read Replies (6) of 99985
 
It is so obvious to me that the market will be up big next week.
From fundamental, a lot fewer profits warnings than last Q, all the economic numbers to indicate a strong Q;
From technical point, inflation worry correction was small compared with 1997, reflects strong expectation on upside. In 1997 a 1/4 rate hike brought market down from 7000 to 6300, then the market went quickly back to 8000. Expect this time to be better.
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