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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 672.07-1.7%Nov 13 4:00 PM EST

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To: Stephen who wrote (52195)5/26/2000 7:04:00 AM
From: Jerry Olson  Read Replies (2) of 99985
 
Stephen

i am a realist...i'm not diving in here with both feet..

but lets be serious here for a minute..

AG has raised what 6 times???...one more MAY be in the cards..

at the very first sign of slowing..he'll be done..stand aside and wait to see the results for a bit...

we have one more rate hike priced in here...he has accomplished the market selloff, and there is eviedence of slowing already..

maybe he'll do .25 next month, maybe nothing...

the point is we are still in the grips of this uncertainty..

so sideways for sure...moving up and down with more volitility...it's simply a traders market...

we have downside risk of 2900, and i have the upside at 3600 area on the NAZ..tight trading range...but tradable...

the DOW is 9800 on the low side to 10,900 at the top for now...once we get past the next FED, we'll be rocking higher...

just some thoughts..

OJ
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