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


To: pater tenebrarum who wrote (30406)10/18/1999 11:22:00 AM
From: Lee Lichterman III  Read Replies (2) | Respond to of 99985
 
Looks like very little if any new money is coming in to the market. Everytime the DOW rallies, the Bond drops and when the Bond recovers, the indexes drop. JPM is making up most of today's gains in the DOW.

Still teh market doesn't look that bad although again there is a wide breadth of lower stocks and still no fear as I am noticing many of the darlings are trying to bounce after beiong lower early in the day.

We are in sell program area and may have it kick in while I am typing this. The Program trading site didn't update therir numbers last night so I am winging it right now.

Good Luck,

Lee



To: pater tenebrarum who wrote (30406)10/18/1999 11:46:00 AM
From: Robert New  Read Replies (1) | Respond to of 99985
 
Heinz i agree with you regarding the correlation of the CPI to the PPI and the release of the number will likely send us down another level and the break below 10k will be a major psychological one with headlines, etc...Just enough to shake out some of the retail investors. At that point ill be placing my cash to work on the long side. Could provide us with that V-bottom that I like to play. Limit buy orders are already in place in anticipation...

Good investing to all...