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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 662.72+0.4%Nov 19 4:00 PM EST

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To: pater tenebrarum who wrote (32470)11/5/1999 5:55:00 PM
From: theRedDog  Read Replies (1) of 99985
 
Heinz,

thank you for the precise and enlightening analysis!

It makes a lot of sense.

>>>>>>>>
one more thing: i believe the Fed's decision to provide ample liquidity due to Y2K is playing a big role in
this run in stocks and bonds as well.
<<<<<<<

Yep, when I read that report I felt one more piece of the puzzle falling into place. (Ch-klunk!)

Now, there are supposed to keep liquidity up at least until after the new year. Interesting...

Take care,

theRedDog.

PS: A couple of years ago somebody told me that the key to understanding this market was that every one of its phases developed in VERY SLOW MOTION, and took way longer than usual to complete.

With that in mind the blow-off phase that we are probably starting now could last far more than the normal time. (one month-month and a half?) Maybe even more than the Japanese blow-off did, (was it six months?) and be the mother of all blow-offs.
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