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

To: scotty who wrote (21100)	7/26/1999 1:56:00 AM
From: investsformoney	Respond to of 99985

LG and other regulars i am posting my outlook. Is there a slot available on your webpages where i can post my commentary. Currently i am posting this from my notes and hence this does not have any links that i used for research. If i can get a slot on your webpage i can post the links along with my fundamental analysis Weekly Outlook. I will be updating this daily as required. Major headlines were screaming on Friday how the analysts were taken by surprise over what Greenspan did in the Hawkins testimony. Some said he is nuts, some said he should retire. So the eod rally on friday was basically analysts defiance to Greenspan positive bias. Here is the scenario Humphrey Hawkins : July 22. FOMC meeting : Aug 24 No of trading days left 21. The low should come by the end of next friday. If the market feels that the rate hike is discounted we should have a positive bias. Till then the bias should be negative. This means any sign of strength during this time by weak stocks should be a shorting opportunity. The fall will be led by the most speculative sector Internet. The scpeculative excess will be wiped away and since this speculative wiping process has a natural tendency to overreact we should get good values. Following along the same lines the same analysts will stop screaming and settle down bending to the will of the Gman. The market must simply discount another rate hike before it can move forward. For this week the key days are 1. Thursday gdp at 8:30 est and employment numbers follow. Greespan will speak again on part 2 of humphrey hawkins on Wednesday