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 681.44

+1.6%

Nov 10 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: HairBall who wrote (53923)	6/13/2000 7:05:00 PM
From: American Spirit	Read Replies (3) of 99985

Why I called the rally which should continue tomorrow. Simple. Just my own inner radar. Too much negativity despite encouraging PPI and retail numbers. CPI should be fine. Greenpan talks and sounds like a new economist believing in a new pradigm (finally). No harshness or warnings in his words or tone. Conclusion - rate hikes are finished for at least four months. But I'm a bottom-feeder and when my bottomed out stocks with bad news (most of it old) all upticked - I just knew. Now MSFT is surging after hours. Retail, financials, foods, some telcos, computer, software all oversold. Drugs leading the way this time. Quality earnings growth stocks. So now I expect a steady sustainable rally for awhile, nothing overblown. More more volumn and more positivity. Now if we can just get oil prices under 30 again. I'm sticking with my gameplan. Moderate rally into July earnings season so go fully loaded until then (maybe trimming on strong rallies and nibbling on downdrafts) then take August and September off and buy back prior to the elections on a really bad day.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next