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

To: j.o. who wrote (18267)	6/23/1999 10:27:00 AM
From: Moominoid	Respond to of 99985

It has bounced from a few fractions of an SPX point above the 34 day MA. That was what I was looking for. Don't know if that will hold but am hoping. We are right at the cross over point of the 34 and 13 day MAs. Of course the two were about to cross in 87 when the BK happened and they didn't..... David PS at 10:35 now at 1328 ... above this point the 13 dma is increasing on the previous day, below here it is reversing and starting to decline. So that is a farily crucial point in seeing where the momentum is going I think. David

To: j.o. who wrote (18267)	6/23/1999 10:38:00 AM
From: scotty	Read Replies (1) \| Respond to of 99985

" jitters FED may hike 50 bps"...http://biz.yahoo.com/rf/990623/k5.html

To: j.o. who wrote (18267)	6/23/1999 12:59:00 PM
From: James F. Hopkins	Read Replies (4) \| Respond to of 99985

There is over supply in the bond market, a lot of over supply I said a long time ago CreemSpam would be forced to hike rates not just for all the bullish*t they tell us. Inflation is not the big issue, the National Debt is, and they can't fund this stupid system any longer if they don't raise rates, they have been told by Big money they don't want the risk of the bonds with out more interest, taht's that..If they don't sell bonds and they have to shut the Government down, or we go on a wild wild inflation run. The stock market bulls are in for a surprise, I'm really impressed at how well the specialist and market makers have held the bids up as it is. The interest rate has pushed up and it will go on up, The big mortgage co's know this , home loan rates are going up even faster. Jim