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

To: bobby beara who wrote (25985)	9/15/1999 8:20:00 PM
From: Haim R. Branisteanu	Respond to of 99985

BB I agree with your points but like a dying beast this market must hurt the most participants. The charts of TLAB, KLAC, GPS, LIZ, DD, are updated today on the Chicken Page. bway.net Haim

To: bobby beara who wrote (25985)	9/15/1999 9:21:00 PM
From: Jerry Olson	Read Replies (1) \| Respond to of 99985

BB man there are a lotta bears here tonight<g>...i gotta get in this mix... actually today both the SPX & OEX broke double bottoms...on P&F...my sense is we test recent lows..at SPX 1310/1305, and on the OEX 686/684...recent lows... now if the markets really gonna sell off, i can't believe it will happen BEFORE the FOMC...it will probably trend lower in front of that date..because all the bulls are scared<g>... if he raises rates???? my guess would be lower 9's..9100-9200...if he moves to a "tightening bias??? from 10,350, to maybe 9800 area... if he stands pat....heh heh......oooh oh...da bears go back in their dens to hibernate till Y2k... there's an awful lot of talk here, about OIL/Dollar/Yen etc...meaningless drivil...noise...means less than nothing... i was looking at the P&F crude chart...i smiled..this thing is ballistic..straight UP..wanna bet we retrace 30-50% real fast????no way this can continue...NO WAY.... what's gonna happen if OIL begins to fall....?????? i guess it will take all the "INFLATIONARY" horse manure..out of the picture..because we all know how inflationary OIL can be...right??? inflation???? what inflation??? all AG is doing, is bringing interest rates back to the middle...he had severe reasons to cut rates last year..all pertaining to monetary voodoo hoodoo from OTHER countries shortfalls... the USA was doing fine at the time...so by taking back those 3 rate hikes, he kills 2 birdies with one stone...the hawks are satisfied he did the right thing by PREMPTING the fight against inflation, AND, because he was FORCED to cut rates, he then brings the ball back to the middle of the court where it was supposed to be from the get go.... the problem is...the underlying economy is already slowing a bit...he wants real GDP at 2-2 1/2%..a ridiculous number..3-3 1/2 would be more like it...even 4% would be sustanable without fear of rising prices... but BB and da Bears??? yeah, if he raises rates we're gonna selloff just like last year...again...it will simply be another Buy The Dip selloff..of major proportions..a wealth building event for all of us to make a ton of money on the long side... because BB, you can NOT build wealth playing the darkside..it just doesn't work that way.. we will be riding this rollar coaster me thinks, side by side...hehehehehehehe...yeah me and BB & the Bears.. hey, think that could be the next Rock and Roll Band???