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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Challo Jeregy who wrote (17428)	6/15/1999 2:46:00 PM
From: pater tenebrarum	Read Replies (2) \| Respond to of 99985

CJ, the eventfulness of the CPI will depend on how close to expectations it comes in. if the number is a lot higher than expected the market will not like it. regards, hb

To: Challo Jeregy who wrote (17428)	6/15/1999 2:53:00 PM
From: Sonny Blue	Respond to of 99985

>> isn't it possible that by now the cpi #'s will be a non-event? << The Fed don't look at one CPI number. They look at the trend of many different numbers. And the trend is pointed toward an increasing pressure on inflation. Plus, rate hike rarely happens once (except in 97). That's why everyone wants to hear what AG is going to say on Thursday. My guess, core CPI=0.3% (projected from some historical data)

To: Challo Jeregy who wrote (17428)	6/15/1999 2:58:00 PM
From: bearshark	Read Replies (1) \| Respond to of 99985

Challo: If we close strong today; gather momentum; and tomorrow's numbers are good or neutral; my guess is that they may move the market up smartly. If the momentum continues through the morning, others may join in. If we close the last hour moving down; gather downside momentum; tomorrow's numbers are bad; I believe they will drop the market significantly. I am more interested in the tone of the market participants as we approach tomorrow's numbers than the actual numbers themselves.