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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 671.910.0%Nov 14 4:00 PM EST

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To: pater tenebrarum who wrote (11027)4/14/1999 9:40:00 PM
From: Lee Lichterman III  Read Replies (1) of 99985
 
>>inflation is absolutely nowhere to be seen. <<

Then why are commodities such as grain, beans, hogs etc all at multi year lows yet you are still paying the same at the supermarket, ADM isn't making money and either are most of the supermarkets. If I can buy a widget for less than at anytime in the last 15 years and I am not making money, the middle man isn't making money and the person selling to you isn't making any money yet you are paying more, then the only explanation is that all that money being printed to hold up the indexes is devalueing the dollar so you pay the same to get less. A kind of stealth inflation.

On a different note, the drop came as signalled which even surprised me. Tonight I have class 2 sell signals already on the FPP and CEX. There was the obvious damage to the NASDAQ but also DRG pharmacuetical and HCX healthcare were hit hard for a one day play that barely moved the indicators. The last sector to watch now will be the GAX as it approaches a resistance line from a long down trend.

Confusing action as is normal in option expiration weeks with a heavy drop to near the max pain point yet decent looking internals. Do we believe the advance decline numbers or the huge volume that moved out today?

Still trying to catch up and I have to get some sleep tonight.

Good Luck,

Lee
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