MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 685.66

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4:00 PM EST

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To: Jerry Olson who wrote (13324)	5/9/1999 3:15:00 PM
From: Daniel Joo	Read Replies (1) of 99985

O.J. new system is always exciting - can't justify a new one quite yet... I'd be surprised if the Fed raised this May meeting as well... I believe that they will raise this summer after further confirmation of economic numbers unless of course the CPI and the PPI look especially bad on Monday. However, I would be surprised if they didn't lean towards tightening. We're pretty much back at where the stock prices were trading after the large drop a couple of weeks ago - at least most of the Inutz and techs I've shorted/bought puts. Friday's move up on lower volume doesn't have me worried yet. If the market moves up on Monday on higher volume, we may see one last bounce up. Dan

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