MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

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To: pater tenebrarum who wrote (31665)	10/28/1999 10:38:00 AM
From: j.o.	Read Replies (1) of 99985

Tough to tell how the final read will fall though, Heinz. One could argue that with no inflation in the pipeline according to this report (ok - it's not forward-looking, but neither is CPI), and that there's stronger underlying demand than first thought. That's a continued 'goldilocks' scenario for many, and could potentially present the kickoff for a blow-off top. I mentioned two days ago when we failed to break down that I was unsettled by the fact that no-one is talking about the blow-off top anymore, and we appear to be seeing the effects thereof right now. My wife, the non-market-person, has been telling me for awhile that there's no way that this market will fall heading into the millennium - too much excitement about the new century. Maybe I should hand the trading over to her <gggggggg>. I'm going to check my charts and see how we're looking. Catch you later! j.o. indextrade.com

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