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

To: Haim R. Branisteanu who wrote (26027)	9/16/1999 12:08:00 AM
From: Glenn D. Rudolph	Respond to of 99985

Glenn my speculation is flat October flat to down November, but 1/4 before Y2K due to danger of sharp economic slowdown. Y2K itself - non event. Haim, I love your prediction but unfortunatly disagree about the prediction. Flat I still see as possible but I really doubt down. None core products are moving up a lot. Glenn

To: Haim R. Branisteanu who wrote (26027)	9/16/1999 12:23:00 AM
From: donald sew	Read Replies (3) \| Respond to of 99985

Hi, Needless to say that the market showed its weakness today, however my short-term technicals for the DOW/SPX became oversold. They are not yet CLASS BUYs but could get there in 1-2 days if the market continues down. This forthcoming upswing should be small/weak. Now the the market has started to pay more attention to the US DOLLAR, it should be noted that the TRADE REPORT will be announced on TUE. Since I use to be in the industry, I checked with some of my friends to see how the ships were doing. I was advised that on the import side the ships were full and very hard to find space. On the export side things were improving slightly, but the increases in exports were mainly in the lower end items like wastepaper/paper products. Higher priced items like machinery were still weak. For reference the value of wastepaper for a 40' CONTAINER is commonly in the $500-1500 range, so that wont do much to help fix the trade deficit. ggggggggggggggg So I do not expect the TRADE numbers to be that great, which could have another negative effect on the US DOLLAR. Im not aware of what the expected numbers, just that improvements are minimal. How that can get skewed in the report - dont have a clue. So if I do get a CLASS 1 BUY signal, do not feel that the response to the upside will be that strong, and we could see some significant negativity if the TRADE report is bad. seeya