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


To: donald sew who wrote (33502)11/16/1999 10:02:00 AM
From: Les H  Read Replies (1) | Respond to of 99985
 
Market reaction to interest rate hike decisions so far this year

napeague.com

chart at bottom of newsletter. Of couse, this may be moot if no hike or if everyone deems it to be the last rate hike.



To: donald sew who wrote (33502)11/16/1999 6:53:00 PM
From: Lee Lichterman III  Read Replies (4) | Respond to of 99985
 
>>Dont get me wrong, I will buy the next dip for the XMAS rally.<<

I agree but I wish the numbers would at least try to look a little better. 170 point up day and NYSE advance decline is still 70 highs and 120 new lows. Seems like we are stuck opr something. Volume was 2-1 positive though so there is some hope. I just wish it wasn't the same 70 making new highs every day, I mean how high can SUNW etc go? 50% climbs in a handful of stocks is not good. Either you buy the weak ones or you over pay ridiculous levels and have to dump at teh close because there is no way you can sleep at night holding something you know is over priced by a few hundred percent.

I haven't looked around much and am keeping it short tonight but the stocks I track are for the most part starting to react to my signals except for the most severely over bought that keep getting more over bought.

Good Luck,

Lee