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

To: Monty Lenard who wrote (21446)	7/29/1999 7:30:00 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 99985

Monty, the futures closed at a premium and tomorrow is a Friday after such a drop I anticipate a boring day. It is also interesting to note that the NAZ seems to make a short term double bottom. I may be wrong but I do not anticipate real action until mid next week. It would be interesting to see if the 401K money still goes blindly into stocks. Sentiment is to bearish short term IMHO (see SI statistics ) BWDIK Haim

To: Monty Lenard who wrote (21446)	7/29/1999 8:26:00 PM
From: James F. Hopkins	Read Replies (2) \| Respond to of 99985

Monty ; Hold up..did you see my fancy 11, top avg 3 mo vol X price index, I'm now calling it the DOLLAR VOLUME INDEX..or $VI 11 --------------- Of of the 11 only dell and csco ended weak, the others looked to be in accumulation. They won't hold them if the dollar falls more, but other than that they will. Almost all the damage was done ON THE OPEN and till 10:30.. after that it looked like almost flat.. ----------- The break down for today's $VI was Down 2.78% with 4.33% above average volume. Yesterday was Up 1.75% with 18% above avg volume, adjusting the volume for a correction = Down .66% for the two days with 11% above avg vol. -------- This can't be related but I just happen to notice it was just about what the dollar lost in value. ------------ Your right put politicians in a bag and shake them and they are for the most part alike. Every once in a great while you will get a good one, but for each good one you will get also get something like a Hitler or even worse. What they all really want is an easy job, and all the "perks" that go with it and they will change colors in a heart beat if they think it will get em elected. ---------- I won't get into the Tax and spend or borrow and spend at this time, as it goes way beyond that. We are caught in a spiral of borrowing to pay the interest on what we owe, and they have the nerve to talk about a surplus..they need their tongues cut out. Jim PS I'm more bearish than bullish, but we "could get a bounce" and I don't see a big melt down until after the NYSE & Nasdaq go public. Also they want to pass a cap gains tax cut in a hurry so they can dump their paper profits and run before the Y2K thingy hits.