MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.47

+0.6%

Nov 28 4:00 PM EST

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To: bobby beara who wrote (5242)	2/2/1999 9:27:00 PM
From: Haim R. Branisteanu	Read Replies (1) of 99985

Bobby there is the quarterly refunding coming. The dealers are cleaning their books to make room for the new issue. If the refunding is successful the market will rally. Today and tomorrow we are adjusting for the "January window dressing" see my post of last Friday. Bill from the Kahuna tread had a bullish week based on his Barrons indicators. I suspect that the downdraft will slow tomorrow afternoon and we may rally into the end of the week. There is substantial sector rotation out from the stocks and into retail & other staples. BWDIK Haim

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