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


To: James F. Hopkins who wrote (24634)9/2/1999 7:27:00 PM
From: Haim R. Branisteanu  Read Replies (1) | Respond to of 99985
 
James do not expect a rise of over $1 in the XLF within the next week. I will bail even sooner. Banks are due for a dead cat bounce, that's all IMHO.

The market is very sick and if it will smell slowdown the center banks stocks will go down the toiled due to their commercial loans and credit card debt which will be difficult to securitize.

I remember P/E's of 4 and 6 on center banks.

BWDIK
Haim



To: James F. Hopkins who wrote (24634)9/2/1999 9:35:00 PM
From: Ken98  Read Replies (2) | Respond to of 99985
 
Jim, are you concerned about the dollar's inability to get back above its 200 dma?