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


To: jjs_ynot who wrote (24913)9/4/1999 9:29:00 PM
From: Benkea  Respond to of 99985
 
"Saturday September 4, 8:39 pm Eastern Time

ANALYSIS-China buys time to stave off devaluation"

biz.yahoo.com



To: jjs_ynot who wrote (24913)9/5/1999 4:36:00 AM
From: J. P.  Respond to of 99985
 
Market got blindsided with a very favorable jobs report. There was short covering, and an oversold condition. Those leaning too far to the short side got their hides seared off.

We'll see if it's sustainable, I don't think so, but I'm frequently wrong. It could be a bullish reaction within a bear trend.