MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 652.56

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To: James F. Hopkins who wrote (23184)	8/17/1999 9:41:00 PM
From: John Madarasz	Read Replies (1) of 99985

Thanks James, Volume is the key Still looking for a drifting market until the 24th and NO (that's right) rate hike this time around. Fully expecting to be proved wrong again<g> CPI was benign as I expected, with the possible new glut of oil from Iraq, and hovering or falling gold prices, why shouldn't the FED hold with a bias to raise...and give the professionals their chance to go way short in the upcoming month or so? I can't believe that the specialists and market makers are'nt loaded to the gills with inventory, just waiting to distribute at much higher prices and volumes. Very Best, John

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