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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 660.08-0.8%Nov 18 4:00 PM EST
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To: Daflye who wrote (3560)1/9/1999 1:26:00 PM
From: Jack T. Pearson  Read Replies (1) of 99985
 
Greenspan has tried to talk the market back a couple of times. The first time had a significant impact. Since then, the impact has lessened each time. I think most will anticipate that he will try it again and that if it pulls back, they will use the opportunity to buy. I trust Abby Joseph Cohen more than I do Greenspan. She has been correct on the market. Greenspan has been proven wrong on the market. Abby said, last night, that the market is fairly valued and will move 8% to 10% higher this year.
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