MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 14 4:00 PM EST

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To: Jacob Snyder who wrote (36749)	1/5/2000 5:54:00 PM
From: Lee Lichterman III	Read Replies (1) of 99985

>>OK, your turn. You tell me why the 5th rate hike, in March or April, will be good for stocks.<< OK, because after 5 rate hikes, there could only be 7 or 8 more so the end of the hikes is closer than last year. Also as someone else posted to you, there will be 3% higher earnings despite the 1% higher cost of borrowing money compounded so therefore prices should be 57000% higher using projected earnings of the year 23000. After all technology won't change by then. Just strolling through some charts and it is still a tough call. Lots of hammer bottoms at supports yet the bounce was too easy for manyof them. Futures are down with a bias down also but nothing another repo or two can't fix. I think it would have been more bullish for the indexes to have held the ramp up gains into the close and for futures to rallied after the close instead of selling off but I wouldn't get too bearish on it either since I don't blame them a bit for not wanting to hold over night. I will know more once I can do the downloads and use my charts instead of the ones on the net. Good Luck, Lee

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