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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 680.44

+0.6%

Dec 19 4:00 PM EST

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To: Dwight E. Karlsen who wrote (33386)	11/13/1999 9:12:00 PM
From: John Madarasz	Read Replies (2) of 99985

...the market has already had the better part of any "Santa rally", and has also priced in Y2K as a non-event. Dwight, thanks for the thoughts, but if I'm not mistaken the "Santa Claus Rally" really has yet to begin. Perhaps it will begin from your calls for the ensuing brief correction to come... Mr. Lefevre analyzed market data from the end of World War II and found that the Dow Industrials had rallied an average of 9.15% from the low made in November or December to the high in December or January. Following are the numbers since 1968. decisionpoint.com Best Regards, John Madarasz

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