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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.03

+1.0%

Nov 21 4:00 PM EST

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To: Stephen M. DeMoss who wrote (31046)	10/22/1999 2:31:00 PM
From: pater tenebrarum	Read Replies (2) of 99985

Stephen, i'm easy. but i agree that throwing in the towel looks like a seductive option since the market shrugs off bad news and rallies at the slightest hint of good news. nevertheless, all rallies since July have been corrective in character and i see no reason yet for that to change...the bond market is still signaling inflation. that's much more meaningful than the current WS spin of endless re-iteration of the same old mantra. it's easy to manipulate the stock market...the bond market is a different matter. regards, hb

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