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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 672.07

-1.7%

4:00 PM EST

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To: James F. Hopkins who wrote (21821)	8/4/1999 11:20:00 AM
From: Yogizuna	Read Replies (2) of 99985

Jim, You underestimate the bullheadedness of CNBC! (what some in the Coffee Shop area call CNBS). Even if we were to have a repeat of 1987, they would find a way to sooth the "investing" "sheeple" who are now locked into a permanent bull market scenario to stay financially healthy for the rest of their lives... We recieved a buy signal on the dollar last night, but do not yet know just how good it will turn out to be. Important support for the OEX (market) is holding so far here, and the "Yogi Index" has reached -5 for the first time since last September! So even though it is not written in stone, we are certainly overdue for some kind of bounce up here in the market. Yogi

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