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Strategies & Market Trends : AMIGOS INVITATIONAL YEEHAW PORTFOLIO -- Ignore unavailable to you. Want to Upgrade?


To: j g cordes who wrote (981)8/11/1999 4:45:00 PM
From: James Strauss  Respond to of 1316
 
Jim:

Nice recap...

The number of New Lows and the NYSE volume < 800 million shares does not as yet show enough buying conviction...
quote.yahoo.com

I'll start getting excited when my 2 day MA crosses the 5 day MA on the Dow, S&P, and Nasdaq... That will be the first sign of sustained buying...

Jim



To: j g cordes who wrote (981)8/14/1999 2:45:00 PM
From: Sergio H  Read Replies (1) | Respond to of 1316
 
Jim, the post of the week award goes to you for your ALIEN TRADE SYNDROME (ATS). I have observed many individuals afflicted by this malady. There are many side-effects that are prevelant and perhaps merit discussion.

Before going deeper into ATS and it's deadly grip on our society, I'm trying to catch up with the implications of last week's market events. Future market direction seems to be sideways until the Fed dutifully raises interest rates in the near future. I think that we'll see a rally after the Fed tightens. Only question is wether or not the Fed will change the program this time. Will they raise the rate without a prior change of their policy? The current policy is a neutral stance.

The new highs/new lows on Friday's rally are indicative of the market's present lack of conviction. NYSE had slightly more new lows than highs. Bullishness on aluminnum stocks is not a positive signal. RHAT's IPO = daytrader's heaven. Don't know what to make of that. INTC new all-time high....that's bullish.

Sergio