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

To: j.o. who wrote (17680)	6/17/1999 9:56:00 AM
From: Moominoid	Respond to of 99985

The SPX chart is pretty similar to mid-Feb to early-March....

To: j.o. who wrote (17680)	6/17/1999 10:15:00 AM
From: pater tenebrarum	Read Replies (1) \| Respond to of 99985

j.o., as far as i can see sentiment indicators are mixed and not excessively bullish; a continuation of the upmove would certainly remedy that. also, yesterday's move was too impressive for a fluke. a positive reaction to a benign CPI was to be expected, but i was looking for the market to weaken during the day if the short term bearish case was to be kept alive. we will see how the market handles AG today; so far it seems that his testimony will be ignored by the market, and that's another short term bullish sign. regards, hb