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

To: bobby beara who wrote (19068)	7/1/1999 5:00:00 PM
From: James F. Hopkins	Respond to of 99985

BB; There are a lot of good TA cases for the bull, and indeed we could push higher , but the FA says if we do we will pay big time when it does turn down. It's true the VIX could get lower , and the EPS to Interest rates could get worse, ( they haven't been this bad since 87 ) 3 things can happen Interest rates have to come down, or the market has to come down, or earnings have to go up. ------------- The TA looks sooo good it's sucking in every dollar there is from the Money Markets..and it's all going to Mo Mo stocks right now Advancers just did beat the Recliners , and with this kind of up volume I would expect a lot more advancers, the new highs do look good but they are not many "new stocks" doing that as much as just the new highs of yesterday adding more gains, The volume is looking better, and being short is not a good idea but you can bet I'm sitting on ready to go short. -------------- No inflation ? well you can't have rising oil prices and lumber and copper and other basic materials that inflation don't soon follow. Higher rates don't just attract money, they make every company that works off short term debt while they wait on "receivables" pay more..& that equates to less profit margin. Any way Who is going to buy all the goods ? They done put all their money in the market. <G> ---------------- I want to buy another new 500k home ( or more ), but I want the 125% mortgage and no money down . I'll worry about paying for the home latter with the extra 25% I'll be able to put in the market all of it in UOPIX leveraged 2x, and on margin. Let the good times roll.