MDA - Market Direction Analysis Message Board

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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: donald sew who wrote (20107)	7/14/1999 1:54:00 PM
From: bobby beara	Read Replies (2) of 99985

>>>The PPI came in quite good but the market is selling a little. Just another hint that for the short-term(1-5 days) the momentum for the overall market is lessening.<<< Donald, It appears that we did have a buying climax with the shooting star on July 5th, but we are working off the excess with a trading range and the momentum generated with the Greenspan mega week (similar to the Greenspan mega week off the october lows) will send us higher. bwdik, bb

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