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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 689.10

0.0%

Jan 23 4:00 PM EST

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To: Vitas who wrote (33014)	11/10/1999 8:48:00 AM
From: pater tenebrarum	Read Replies (1) of 99985

Vitas, don't let the bulls see that...they'll take it as a buy signal...<gggg> i didn't know credit and money supply were contracting btw. - credit creation by Fannie and Freddie alone amounted to tens of billions of dollars between September and October and M3 is currently growing at an annualized pace of 12,8%. the beast needs to be fed... however, the observation that the most recent rally may have been the second stage, strongest bear market rally is interesting...a similar strong rally occurred shortly after the onset of the 73/74 bear market and trapped a lot of people. regards, hb

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