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

To: bobby beara who wrote (27221)	9/25/1999 4:03:00 PM
From: Jerry Olson	Read Replies (1) \| Respond to of 99985

BB bearish???<g>...you're a bit TOO bearish ... everyone is talking about the SPX...well what the heck, i might as well contribute my 2 1/2c....i lost the other 1 1/2c since Apr...:>} anyway..on the P&F front...major short term negative since 4 inidcators are all negative...if the big momma, NYSEPB prints 38% that would break a double bottom, and all hell would break loose...it's smidgeon away at 41.50% in a col of OOOOOO's..... now the SPX using a ten box chart is stitting right on the BULLISH<VBG> Support Line...it has air between 1270 and1220-30..area... 1220-30 is major major support, that goes back to Jan Feb Mar time frame... Now here's the simple answer to all these posts..."IF" AG raises rates on Oct 5th FOMC, we'll probably break thru that 1220-30 support....that's "IF" he raises... we could very well test that number quickly here, before the meeting...we all know that on Oct 8th last year we began an explosion of major proportions, not seen EVER in the history of these markets... i smell this event is gonna happen again..only bigger with more verve than last year...why???? $$$$$$$$$$$$$$$$$$$$$$$$$$$$----Fundies have not done very well the last 2 years despite this exceptional run up... THEY WILL NOT MISS THIS NEXT RUN....they've been waiting, lurking, hording cash, of gigantic proportions... THINK BB...for the last few months, all this money was being sent in to invest, the volume tolds us..it was NOT being used...trust me..it will be!!!!!!! so yep, if he does this last act of recouping those 3 rates cuts??? we'll tank for 3-4 weeks TOPS>>> then it off to the races all over again...in fact BB, it's ALWAYS off to the races isn't it??? the real money in stock investments is made on the long side...the NETS/SEMIS will rule. oh yeah and don't forget about those financials stocks..bonds will explode...rates will drop, and this market will breathlessly take us all to new highs... ta ta, and tsk tsk...to you...<g>