MDA - Market Direction Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MDA - Market Direction Analysis

SPY 681.44

+1.6%

Nov 10 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: dennis michael patterson who wrote (28242)	10/3/1999 9:51:00 AM
From: Benkea	Read Replies (1) of 99985

dennis: "So what do you think of Shepler this week?" He is calling for a tradable rally until perhaps the 19th +/- 3 days. We'll see. Most stocks (not the leaders) are very oversold, but don't all bear markets come from oversolds that don't bounce? This market is so very nervous that there is just no way (TA, FA, or otherwise) to figure out with any certainty where it is going in the face of Greenie on Tuesday. I see a negative reaction no matter which way Greenie goes. If he raises, it is "3 and stumble". If he stands pat (my guess) with all but a neutral to loosening bias (not likely), the market trades sideways to down (like it has since he began tightening) as it worries about what he'll do "next" time. I think the only way we have a meaningful rally is if Greenie says "no hikes for the rest of the year". Don't bet on it.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next