MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.03

+1.0%

Nov 21 4:00 PM EST

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To: HairBall who wrote (6736)	2/20/1999 9:32:00 AM
From: Haim R. Branisteanu	Read Replies (2) of 99985

LG, from a old time FA & TA point of view the market should tank. The New era indicators point for a strong upmove as a result of liquidity and ongoing cashflow into MM Funds. Even with the treasuries substantial higher yield the market traded sideways. On a relative basis interest rates are quite high. Therefore as soon as AG speaks and treasuries rise I speculate the market will explode to the upside until the next earning season which will thank selective stock and draw the market down. Those prediction can change on a "dime" if AG indicates in his testimony that there is to much money in the system and we may thank very unseasonably <G> BWDIK Haim

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