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

To: HairBall who wrote (21664)	7/31/1999 12:32:00 PM
From: Les H	Respond to of 99985

No, either (1) the Fed hikes rates 1/2 point and the result is both the short-term and long-term yields will be back at pre-crisis levels; or (2) some slowdown causes market rates to decline below pre-crisis levels and perhaps negate the need for the full 1/2 point adjustment in the short-term rates. option (3) would be continued growth and they both keep going up in yield. I'm finding quite a few 21 day Stochastic crossovers again (over 300 out of 3500 stocks) as the New York Average (NYSE) has 21 day Stochastic value is very oversold as is the 14-day Wilder RSI value. It looks a lot like last August. I was looking for SPX to get to 1280 on this decline before the market might make a better stand.