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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 680.44

+0.6%

Dec 19 4:00 PM EST

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To: HairBall who wrote (22054)	8/4/1999 3:35:00 PM
From: John Madarasz	Read Replies (1) of 99985

LG Is it your contention that the highs for the year have been put in? With some middling economic data this week and a struggling market into the FED meeting on the 24th, wouldn't the FED be inclined to leave rates unchanged?...and if so, could this lead us into a final push to new highs. I still see the COMPX going to 2300 or less and the INDU testing 10,000 before the year is out...but the question is...have the highs been put in? I'm not so sure, and I apologize that I can't base my uncertainty on any tangible analysis other than a possible concerted push from sidelined institutional funds waiting for J6P to finish himself off in a trampling rush for the exits. Does the big money want the last big run all for itself?...or are all the big runs over for a while??? Best Regards, John

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