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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 662.63

+0.4%

Nov 19 4:00 PM EST

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To: steve susko who wrote (15547)	6/2/1999 10:36:00 AM
From: donald sew	Read Replies (1) of 99985

Steve, We will get a summer rally, but I think its a bit early still. I am suspecting the summer rally to start in JULY, more towards mid-JULY in light of the 9-month cycle. If Greenspan doesnt raise rates at the end of JUNE there should be some sort of a significant bounce but the negativity will still remain and any bounce may not be that strong. I am also expecting a mini bounce in the next few days, since my short-term technicals are getting back near/into the oversold region, but should be limited with resistance for the SPX at 1301 and 1320. seeya

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