MDA - Market Direction Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MDA - Market Direction Analysis

SPY 670.92

+0.1%

Nov 7 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Casaubon who wrote (33978)	11/22/1999 7:31:00 PM
From: Matthew L. Jones	Read Replies (3) of 99985

I haven't weighed in lately regarding market direction. I have a theory I would like to run by the gurus on this thread... 1) Everybody knows that the stocks are in the nosebleed section so I won't waste everyone's time citing valuation stats. 2) Market breadth is still terrible (although in fairness it is improving slightly). 3) October is over. 4) The FED is done for the year. 5) Tax year selling is over for the funds. 6) Lots of money awaits being put to use. 7) Y2K is a "non-issue" to the pros. 8) J6P is still largely on the sideline for all of the above reasons (primarily Y2K concerns). Hypothesis: I believe we will rally (against all odds) into January 1. Then, when everyone thinks the January melt up comes in, the smart money sells into the incoming money flow and promptly cleans up. No January effect this next year. The whole "melt up" happens between now and the end of the year. That is precisely what J6P is not expecting and would make the most money for the smart money. Any thoughts? Matt

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next