MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.47

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Nov 28 4:00 PM EST

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To: Jerry Olson who wrote (13080)	5/6/1999 7:50:00 PM
From: stockycd	Read Replies (4) of 99985

OJ, And change on a dime you did! Did your PnF indicators turn south? Late today's DOW action was a pure fakeout. J6P will get home, "Oh, the DOW only off a few ma. Looks like an up week!" Not a clue. About 3:10, all of the indices turned up strong, but the powers that be could only support the DOW (barely). I watched bonds, the dollar and gold all day. The environment is getting very inflation-worried. This market is watching rates with a microscope. Another bond selloff tomorrow (like today) and things will get ugly. To be honest OJ, your turn to neutral is extremely bearish. <g> Everyone should proceed with extreme caution. Later, Chris

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