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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 671.910.0%Nov 14 4:00 PM EST

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To: pater tenebrarum who wrote (46961)4/17/2000 12:21:00 PM
From: Crimson Ghost  Read Replies (2) of 99985
 
Heinz:

My take is somewhat different. Certainly the G7 does not want a global market crash. On the other hand I don't think they want a strong rebound either. Steve Roach is reflecting much elite thinking when he opines that the market must go down and STAY DOWN for awhile to cool off inflated expectations.

Pretty pathetic rally today. Very narrow with many more stocks down than up.

Must say the strong rebound in the dollar surprised me. That is keeping gold dead in the water. Little chance that gold will do much on the upside until people perceive that the dollar bull is as dead as the NAZ bull.
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