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

To: James F. Hopkins who wrote (21821)	8/2/1999 6:58:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 99985

Jim, i agree with your take on CNBC 100%. i use it mostly for reading between the lines, so to speak, and as a contrary indicator. note that the dollar index has had an utterly bounce-less slide here and sits now close to it's 200-dma. that should be good for a small bounce at least, except if the yen carry trade panics, like they did last year. considering the slide in the t-bond and the dollar, these guys must have taken on a lot of water by now. regards, hb

To: James F. Hopkins who wrote (21821)	8/4/1999 11:20:00 AM
From: Yogizuna	Read Replies (2) \| Respond to of 99985

Jim, You underestimate the bullheadedness of CNBC! (what some in the Coffee Shop area call CNBS). Even if we were to have a repeat of 1987, they would find a way to sooth the "investing" "sheeple" who are now locked into a permanent bull market scenario to stay financially healthy for the rest of their lives... We recieved a buy signal on the dollar last night, but do not yet know just how good it will turn out to be. Important support for the OEX (market) is holding so far here, and the "Yogi Index" has reached -5 for the first time since last September! So even though it is not written in stone, we are certainly overdue for some kind of bounce up here in the market. Yogi