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

To: HairBall who wrote (30198)	10/17/1999 1:37:00 AM
From: Jim Willie CB	Read Replies (2) \| Respond to of 99985

LG, this MDA thread comes highly recommended I am a dedicated QCOM investor, follower, and Q "Buying Range" contributor... pleased to see quality techanalysis discussed without moronic ignorant attacks... never stops me from posting TA views and calls on Qthread I tend to view nearterm and shorterm consistently, neglecting longterm charts... your SPX clearly points out the gradual rounded top pattern since May... unsure how it resolves, usually a quantum level decline noticed in last couple months a slightly declining channel evident in same SPX... we are at its lower boundary now... after a Monday morning retest, I wonder if time for cover reflex rally Greenspan has become a problem... wonder about his clarity of thought right now... reminds me of a guy who enters a crowded theater and yells "nobody should ever yell fire in a theater like this!!!" Greenspan needs a weekend retreat with a 25yr old woman with physical talent and all the right moves... when Fed is done acting, it resorts now to War of Words... with no recent FOMC rate hikes, we have a "threat like a sword" hanging over the market, which serves more effectively in subduing the stock market than a rate hike itself... IMO a rate hike would be greeted warmly as a final event put/call ratio is wicked high VIX volatility index is highest since March my fave contrary indicators (in addition to certain people bailing) thanks for the cool thread I will be trampling over here on occasion / Jim Willie

To: HairBall who wrote (30198)	10/17/1999 7:50:00 AM
From: JDinBaltimore	Read Replies (1) \| Respond to of 99985

AGREED! To: thebeach who wrote (29348) From: JDinBaltimore Saturday, Oct 16 1999 11:29AM ET Reply # of 29349 Conspiracy Theory? I don't claim to know anything about market direction, and I don't care! Just a wantabe DAYTRADER. There are a few the market maker possibly that know the outcome. But the other 99.9% don't have a clue. So information is disseminated from whatever the source - FED, NEWS, EARNINGS, and everyone goes off like a loose cannon. So here is my theory AG had full information regarding PPI when he made speech Thursday evening. By giving dismal speech, full well knowing the knee-jerk reaction that would be combined with the PPI numbers he would have to do nothing regarding interest rates. Equities would sell-off, and part of the equation was solved. By noon, everyone got a grip, said hey Auto MFGR's retool every September, Tobacco is a one time kick in the ass. So hell we can live with a 1.2-1.3 annualized core rate. The Markets are now staged to do nothing. It was a great test to see if low level supports of a year ago would hold, and they did. So now equity prices are technically priced lower than they were in 1998 when you adjust for the core increase over the last year. Now you have this whole Y2K Bullschit to contend with. Now we come to CPI and Trade numbers this week. AG knows these numbers now also. My read would be that there is no suprise. The numbers come out not good not bad markets happy we rally a little drop a little, day to day trade to November 16 FOMC. Equity prices are stable, dollar looks good, bonds settle under 6.10, Japan gets to charge 1% interest <g> A.G. says economy stabilizing, no increase. Markets Happy, Happy. Rally into December, the masses forget about Y2K, leave money in banks and equities. Everyone dances in the streets, chanting AG AG he's our man, if he couldn't do it nobody could. Sorry ya'll just an opinion - Back to the CRASH on Monday -g- Good Luck to All. Best JDinBaltimore View Next 10 Messages \| Respond \| Previous \| Next