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

To: Casaubon who wrote (19387)	7/5/1999 10:14:00 AM
From: Lee Lichterman III	Read Replies (3) \| Respond to of 99985

No real commentary as I really don't fully understand all the possible side implications etc. I do find it extremely interesting though that this bull market started just as the GDP to debt ratio started moving back up after falling substantially and it now shows us headed the other way the last few years. Have you hit on something here???? Is this the foreshadowing that we are now truely over valued??? Wasn't the famed AG irrational exuberance speech right about the time that little curvy line headed back south? <g> Still it didn't seem to generate too much interest since the hit counter only moved about 15 and two of them were us. Again, take my numbers and chart with a grain of salt because if you went to that site and browsed through the St. Louis Fed page area, there was the GDP expressed in multiple different ways. They were in current dollars, 92 dollars etc while the Debt was not defined so I could be comparing apples to oranges and not know it. Asia up strong last night and Europe was also almost all in the black about 1% or more. Futures are up a bit so tomorrow could be up again. It will be interesting to see if Don's signal is negated, how strong a rally will ensue since if the market ignores Don's signal, it tends to move strong. Otherwise, it could form a gravestone Doji as it climbs strong then drops later in the day as the signal kicks in. Good Luck, Lee