MDA - Market Direction Analysis Message Board

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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: TA Trader who wrote (2827)	12/25/1998 1:15:00 PM
From: bobby beara	Read Replies (3) of 99985

>>>Tuesday, the 29th is the first day that investors can cash in for 1999 capital gains. I am confident that many are just waiting for this time period to take their gains. << TA we should be really really short at close of Monday. The $USD started cracking around the time of Clinton's Grand Jury Testimony and bottomed when it appeared he had slithered out. Putting myself in the place of foreigner, of course I would want somebody sitting on top of the world, with ultimate power, that would wag their finger in the camera and in no sheepish way tell a bold face lie, then wag the dog, also in no sheepish way. Popularity polls have made this guy de facto king. Don't like. Don't buy it. America is now Amerika. The EURO which has been much maligned will be tremendous competition for the $USD. I don't believe we will see a new high in the DOW or the NYA. I think the Dow topped on 12/24 with the VIX reversal.

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