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

To: Stephen who wrote (18838)	6/29/1999 10:15:00 PM
From: Eddy Blinker	Read Replies (1) \| Respond to of 99985

<<<Any rationale you can share with me > Stephen, I was short when the stock went down to 49 1/8 the other day and I could have gotten out then. Unfortunately I had another short namely YAHOO to take care off. By the time I was finished NITE was going back up and I was holding on. This morning I could have covered with only a fractional loss but I did not for the following reasons: Our charts Both the DOW and the Composite show a decline tomorrow and since a) I believe 70% in our neural network results by now b) the last two days run ups look not right to me and I know that people are mad c) I do not like Mr.Soros but I respect his opinion and he said in Vienna the other day that the market is unrealistic high and interest rates will correct the situation.( just a 1/4 will not do IMO-the mad ones will only laugh at it )and Mr.Soros added " until there is a correction ". And Mr.Greenspan may not want to do it twice and three times. One time right is mighty right he may think. ++++ if the hike is substantial NITE as a financial stock will be nose dive to 41 and I will be waiting. +++++ Mr.Greenspan is not a blind or stupid man and he must have realized over the past two days that this unrealistic market scenario is actually challenging his authority by displaying speculative defiance and he may just teach the mad ones a lesson. Not the MM because they would love a general dive to no end. It is all in the game. I just guess that the odds are in my favour and if our network chart can show this happening we will pick up credibility worth thousands more as I stand to lose with just a 1/4 hike. Please have a look at it homestead.com Regards, ED