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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 670.21

-1.1%

4:00 PM EST

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To: pater tenebrarum who wrote (37273)	1/12/2000 12:25:00 PM
From: Jorj X Mckie	Read Replies (1) of 99985

Heinz, Just to throw a bull voice into the discussion. The final P&F indicator that was negative, turned positive last night. The indicators that I am referring to are: NYSEBP BPOPTI BPHILO 10wkMA BP = Bullish percent. Not surprisingly, the chart for the bond is still indicating higher rates. And the bullish percent charts have reversed up from relatively low levels (meaning that there is more upside). So, by P&F standards, it doesn't look like it is time for the BK. JXM

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