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

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To: tigerman77 who wrote (74764)4/12/2001 6:41:54 AM
From: CharlieChina  Read Replies (2) of 99985
 
Its worse than that...

The markets are combating six controlling factors that are applying negative pressure:
1. The possibility of a severe crisis in the Global banking and Global securities system( lack of liquidity );
2. Re-setting of equity prices for a slower Global economy over the next 3 to 5 years;
3. Re-setting of equity prices for a slower US economy over the next 3 to 5 years;
4. High debt levels on investor's margin accounts;
5. High oil prices;
6. High natural gas prices.

Markets do not rise under circumstances such as these..... the markets will be headed down, ... most probability after option expiration of this month ( April, 20, 2001 ) or around ...

That being said, I'm a big follower of EWaves, however, the long term EWaves models(over 2 months) on this thread,... I doubt will work,....these are special times in the markets .... its all about liquidity
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