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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 672.04-1.7%Nov 13 4:00 PM EST

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To: Casaubon who wrote (29777)10/14/1999 11:11:00 PM
From: Lee Lichterman III  Read Replies (3) of 99985
 
Just echoing the rumor I saw.

Thought about the AG speech and the upcoming PPI report. Maybe he isn't warning ahead of the PPUI report because it is bad, maybe he saw the rally and knows the PPI report which is BS anyway as we know is going to look good so he figures he will talk the market down tonight so the rally tomorrow on the PPI report will be muted somewhat. He has to be pissed that when he didn't raise rates last meeting the market started roaring back up again. He keeps getting ignored and he may be approaching his limit. Maybe he is warning more stearnly before he really does have to do something about it. This may be a quiet way of saying, "the next time you idiots rally the market up, I am going to slam rates up so fast I will make your heads spin and your money disappear" <ggg>

Timba Bear - Yes the pros will bring the system down but the pros at lest know they are making risky plays and can get out faster than J6P who thinks he will be able to log into e-trade and sell in time during an all out plunge. The big boys ALWAYS get out before the little guys when it gets ugly. J6P thinks markets only go up, at least the big boys know things go down, they just play the odds and leverage too much at times.

I haven't even started on my charts yet so no idea what today did to things.

Good Luck,

Lee
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