MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.83

+0.3%

Dec 3 4:00 PM EST

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To: pater tenebrarum who wrote (23875)	8/26/1999 9:22:00 AM
From: HairBall	Read Replies (1) of 99985

heinz: Well, there is a divergence when both the TYX and my OMC are in rising wedges. For me, this makes calling the Market moves very hard, as a struggle is going on. For both to resolve to the norm in unison the Market would have to move sharply down with a flight to bonds for safety. I suspect some of the rise in bonds (fall in rates) as of late has been investors parking funds in bonds waiting for the pullback everyone expects will happen, to have liquidity to buy on the pullback. This always makes me uncomfortable when I seem to be on the side of the majority. However, there is still room in the rising wedges for price expansion and rates could move back up into its rising wedge, until the crowd sentiment reverses. That may be the "best" play...<gg> Making money intraday has been much easier as of late...than calling the longer-term moves...give me those mo mo plays...<g> Regards, LG Disclaimer: The above is my opinion only and I reserve the right to be wrong. Do not base any investment decision solely on anyone person's views or analysis. Do your own research and take responsibility for your investment decisions.

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