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


To: Dwight E. Karlsen who wrote (24041)8/28/1999 1:03:00 AM
From: donald sew  Read Replies (2) | Respond to of 99985
 
Dwight,

It does appear that the image of negativity is starting to build:
1) Greenspan's comments on FRI
2) Financial problems in South American, with the latest news coming out about Venezuela after the close of trading. Not that Ecuador is that important but when combined together, it may stir up some things
3) Market internals are poor, and only minimal improvement even during the recent strong runup
4) Earning seasons over, so no strong boost from that end
5) U.S.DOLLAR still in a downtrend
6) Per AMG DATA inflows dropped from 6 billion to 1 billion this week

Lets see how much of a deal the media makes of the Venezuela matter since they could directly effect crude prices.

seeya