MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 692.76

+0.5%

Jan 26 4:00 PM EST

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To: HairBall who wrote (11964)	4/25/1999 10:05:00 AM
From: Casaubon	Read Replies (2) of 99985

Almost all the indicators are for more Bull: put to call ratio, 30 year treasuries, market breadth, baby boomers money, emerging markets stabilizing (?), foreign markets improving (?) (or so I've heard), "low inflation", etc. This could indeed be the beginning of world peace and shang-ri-la, but I don't buy it. I'm just going to sit out this phase of the market and watch and learn. If it's the beginning of "something beatiful" and a black obelisk appears and we all gather round and start beating our chests as a "new world" emerges, I will be join the party late (maybe sometime next year). This just doesn't match my assessment of reality.

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