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

To: BILL G. WRIGHT who wrote (30598)	10/19/1999 1:34:00 PM
From: KM	Read Replies (2) \| Respond to of 99985

Capitulation Comes in Many Forms By James J. Cramer 10/19/99 1:23 PM ET So the game plan worked, and now we wait for the nervous bulls to sell us more stock because we had no capitulation. Oh, you are going to hear a lot about how we didn't have the big washout. Frankly, other than that exquisite moment two years ago when we dropped 500 points and then dropped again the next morning, we haven't really had any capitulation. I say big deal. Here's why: Contra and Magellan have already raised a ton of cash. We know that from the Journal this morning. And we have had redemptions of mutual funds. That fits, too. I like all of that. Capitulation doesn't come labeled as such. It comes in many forms. These high levels of cash from these underperforming funds mean that more capitulation has occurred than we think. So, my take: Continue to buy the new leaders -- the drugs, the foods, aerospace -- trade the financials, keep buying Net winners and avoid hardware like the plague thestreet.com

To: BILL G. WRIGHT who wrote (30598)	10/19/1999 2:28:00 PM
From: donald sew	Read Replies (1) \| Respond to of 99985

Bill, In the past, no one cared about the TRADE REPORT, but when from the last few trade reports the U.S.DOLLAR started feeling its effects. If the TRADE REPORT is bad that should push the U.S.DOLLAR down and if the DOLLAR continues to move down I presume that it should have an effect on the stock market. But, I do agree that the TRADE REPORT by itself does not have a direct relation to the stock market, but is closer tied to the U.S.DOLLAR. So if the DOLLAR tanks, maybe the stock market wont care, but at this time I dont think that is the case. seeya