MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 680.28

-0.5%

4:00 PM EST

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To: HairBall who wrote (24974)	9/6/1999 1:48:00 PM
From: Lee Lichterman III	Read Replies (3) of 99985

The PPI report could put a damper on my outlook and I think the risk is too high to just try to trade my prediction and walk away but ... I am looking for a rally to around the 1390 area possibly as high as 1410 on the SPX before the CPI report causes a pullback/pause around expiration time. From here, we should remain range bound until the FOMC meeting on the 5 th of October. I predict the Fed will NOT raise this time since there hasn't been enough time to see the effects of the last 2 raises and I am getting TA signals that the TYX is heading down. When the Fed does not raise, we are going to have the mother of all blow off rallies to at least 1500 SPX before the big Kaboom in the spring when China devalues, Russia defaults and "cats and dogs are sleeping together mass hysteria and chaos, we're talking real wrath of god stuff" <gggg>(Ghostbusters) Hey dream big right! Of course in a few weeks or next spring I will deny ever writing this post Good Luck, Lee

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