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

To: Dwight E. Karlsen who wrote (33377)	11/13/1999 7:21:00 PM
From: John Madarasz	Read Replies (1) \| Respond to of 99985

Dwight... For what it's worth Alexander Elder says in a bull market, prices usually will make their lows on Mon. and Tues. on profit taking by amateurs, then rally higher later in the week. Regardless of market breadth, the general consensus is that this is a bull market. I applaud your move, and look forward to the playing out... Best of luck. Regards, John Madarasz

To: Dwight E. Karlsen who wrote (33377)	11/13/1999 7:31:00 PM
From: donald sew	Read Replies (2) \| Respond to of 99985

Dwight, You could very well be right. If the market moves up on MONDAY or TUE, I will get CLASS 1 SELL signals(already have CLASS 2s). However the intermediate trend is up, implying that the pullback could be small. If the news is good I expect a knee jerk reaction to the upside, that a small pullback. Keep in mind that I am playing options so I may just be playing intraday moves if they are big enough. seeya

To: Dwight E. Karlsen who wrote (33377)	11/14/1999 12:01:00 AM
From: John Carson	Read Replies (1) \| Respond to of 99985

Dwight, agree with your theory 100%. Its ironic that whatever AG does will tank the market not the other way around, the market has priced in the best of both worlds already. Will be interesting to see whether market realizes that sometime before FOMC meeting. I already bought my index puts (QQQ) late last week, should have waited until tomorrow like you. IMHO, AG will raise rates on Tuesday simply because he has to do it sometime why not when the market could not care less what he does. That does not happen too often. AG will take advantage of that, raise rates then sit back and watch Y2K unfold.