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

To: John Madarasz who wrote (18630)	6/27/1999 9:59:00 PM
From: Compadre	Respond to of 99985

John Madarasz: Futures are edging up steadily. mrci.com Regards, Jaime

To: John Madarasz who wrote (18630)	6/27/1999 10:05:00 PM
From: pater tenebrarum	Respond to of 99985

John, thanks for the link to the Bloomberg report - it seems indeed from anecdotal evidence, that more and more people are starting to believe that after the FOMC has done the deed the market can only go up. Peter Canelo, chief strategist of MWD has said words to that effect in a recent CNBC interview for instance. perhaps they are right, in a sort of self-fulfilling prophecy way. but it is a gamble at this point, nothing more. regards, hb