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

To: donald sew who wrote (28442)10/5/1999 3:18:00 PM
From: Lee Lichterman III  Read Replies (1) | Respond to of 99985
 
Well I said last night that it was starting to look bullish but it still looked alot like last years chart right before the drop. It is pretty sad when a chart is a mirror image of the last year but we still don't trust it. Gee trading this should have been soooo easy but it never is. <ng>

So far, the high flyers are still putting up a fight. Still no fear. It will come in time... at least I hope so.

Good Luck,

Lee



To: donald sew who wrote (28442)10/5/1999 3:19:00 PM
From: Les H  Respond to of 99985
 
Greenspan also has the luxury of evaluating two employment reports before the next meeting in mid-November. If he maintained the tightening bias the next meeting without raising rates, he could do more to collar the markets. The next GDP report at the end of October may also be the first freshly baked report with the upward adjustment in the GDP of about 1.5%, and also an upward adjustment in the productivity.


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