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Strategies & Market Trends : MDA - Market Direction Analysis

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To: American Spirit who wrote (20634)	7/20/1999 11:46:00 PM
From: bobby beara	Read Replies (3) of 99985

>>>But the market loves the idea of buy the rumor and sell the news<<< AS, that hasn't been the case for years, the market has been celebrating good earnings more than selling the news for a long time. a market that sells good earnings and news at such an overbought level, with weak market internals is not to be trusted. Even the $USD may be making a false breakout. being bullish and optimistic may be fine and politically correct but at some point it will be stuck on stupid, it was last july and i believe it is now. bb

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